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Determine how many units were started and completed

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Reference no: EM132655719

Yvana Corporation uses a process costing system to assign costs to its steel production. During January 2020, Yvana had beginning Work in Process Inventory of 180,000 tons of steel (100% complete as to material and 65% complete as to conversion). During the month, raw materials are needed to produce 3,400,000 tons of steel was started in process. At month- end, 165,000 tons remained in WIP Inventory (100% complete as to materials and 40% complete as to conversion).

Required:

Using the weighted average method,

Question A. Compute the total units to account for.

Question B. Determine how many units were started and completed.

Question C. Determine the equivalent units of production for materials and conversion cost.

Reference no: EM132655719

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