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Refer to the information in PA3 5 for Glencove Company

Refer to the information in PA3-5 for Glencove Company.

Required:

Complete all requirements for PA3-5 using the FIFO method.

Requirements from PA3-5

1. Using the weighted-average method of process costing, complete each of the following steps:

a. Reconcile the number of physical units worked on during the period.

b. Calculate the number of equivalent units.

c. Calculate the cost per equivalent unit rounded to five decimal places.

d. Reconcile the total cost of work in process.

2. Summarize the preceding steps in a September production report for GlencoveCompany.

Required:

Complete all requirements for PA3-5 using the FIFO method.

Requirements from PA3-5

1. Using the weighted-average method of process costing, complete each of the following steps:

a. Reconcile the number of physical units worked on during the period.

b. Calculate the number of equivalent units.

c. Calculate the cost per equivalent unit rounded to five decimal places.

d. Reconcile the total cost of work in process.

2. Summarize the preceding steps in a September production report for GlencoveCompany.

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