Consider the following data for the Assembly Division of Fenton
Consider the following data for the Assembly Division of Fenton Watches Inc.
Degree of completion: direct materials, 90%; conversion costs, 40%.
†Degree of completion: direct materials, 60%; conversion costs, 30%.
The Assembly Division uses the weighted-average method of process costing.
REQUIRED
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
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