Question

Refer to the information in Exercise 17-26. Suppose the Assembly Division at Fenton Watches Inc. uses the FIFO method of process costing instead of the weighted-average method.
In Exercise 17-26.
Degree of completion: direct materials, 90%; conversion costs, 40%.
†Degree of completion: direct materials, 60%; conversion costs, 30%.
REQUIRED
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.


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  • CreatedJuly 31, 2015
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