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Prepare the department equivalent units of production

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Question - A production department in a process manufacturing system completed its work on 70,000 units of product and transferred them to the next department during a recent period. Of these units, 28,000 were in process at the beginning of the period. The other 42,000 units started and completed during the period. At period-end, 17,000 units were in process.

Prepare the department's equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing.

Reference no: EM132428866

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