Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are...
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Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Work in process, October 1 Work in process, October 31 30,000 15,000 65 80 % Conversion 30% 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Equivalent units of production Materials Conversion 190,000 190,000 Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Work in process, October 1 Work in process, October 31 30,000 15,000 65 80 % Conversion 30% 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Equivalent units of production Materials Conversion 190,000 190,000
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Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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