* Your answer is incorrect. Marigold Industries began the year with 3,100 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 76,900 more hats, and it had completed 76,000 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Marigold uses the weighted- average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79180 Conversion Costs 79180
* Your answer is incorrect. Marigold Industries began the year with 3,100 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 76,900 more hats, and it had completed 76,000 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Marigold uses the weighted- average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79180 Conversion Costs 79180
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ashvin
Transcribed Image Text:* Your answer is incorrect.
Marigold Industries began the year with 3,100 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM
resources are added to hats evenly throughout the process. Throughout the year, the company started 76,900 more hats, and it had
completed 76,000 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Marigold uses the weighted-
average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the
template.
Total equivalent units
DM
79180
Conversion Costs
79180
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