Solution-Compute the equivalent units for materials costs

Compute the equivalent units for materials costs

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Reference no: EM133116961

Question - Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available.

Work in process, August 1 (59% complete with respect to conversion) 16,300

Started in August 119,400

Completed 119,400

Work in process, August 31 (72% complete with respect to conversion) 16,300

Required -

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

Reference no: EM133116961

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Compute the equivalent units for materials costs

Reference no: EM133116961

Reference no: EM133116961

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