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Problem - BCW Co. adds material at the start to its production process and has the following information available for November: Beginning Work in Process Inventory (40% complete as to conversion) 7,000 units Started this period 32,000 units Ending Work in Process Inventory (25% complete as to conversion) 2,500 units Transferred out The following are required for the next three questions:
Compute the number of units started and completed in November.
Calculate equivalent units of production for material using FIFO.
Calculate equivalent units of production for conversion using weighted average.
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