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Compute Equivalent Units: Weighted-Average Method
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:• Beginning inventory, 8,000 partially complete gallons.• Transferred out, 42,000 gallons.• Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete).• Started this month, 48,000 gallons.
Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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