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Find equivalent units under the fifo method for materials

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Reference no: EM132529274

Question 1: The Molding Department of the Smith Company has the following production data: beginning work in process 20,000 units (60% complete), started in production 340,000 units, completed and transferred out 320,000 units, and ending working process 40,000 units (40% complete). Assume materials are entered at the beginning of the process, the equivalent units under the FIFO method for materials are:

Reference no: EM132529274

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