What is the cost of goods completed and transferred out

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Question - Weighted average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out of 10,000 units are completed and 1,000 units are in ending inventory?

1. What are the equivalent units for materials and conversion using the weighted-average method?

2. What are the equivalent units for materials and conversion using the FIFO method?

Reference no: EM132750685

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