Tamarisk Company had planned to complete its latest batch of pillar candles before year-end, but it...
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Tamarisk Company had planned to complete its latest batch of pillar candles before year-end, but it simply ran out of time. During the period, 5,160 new candles were started in addition to the 740 that were already in process. At year-end, 5,080 candles were complete. Tamarisk adds all of its DM at the beginning of the process and uses the weighted-average method of process costing. Ending WIP Inventory this period was three-quarters complete for conversion costs. How many units does Tamarisk have in ending inventory this period? Units in ending WIP inventory Tamarisk Company had planned to complete its latest batch of pillar candles before year-end, but it simply ran out of time. During the period, 5,160 new candles were started in addition to the 740 that were already in process. At year-end, 5,080 candles were complete. Tamarisk adds all of its DM at the beginning of the process and uses the weighted-average method of process costing. Ending WIP Inventory this period was three-quarters complete for conversion costs. How many units does Tamarisk have in ending inventory this period? Units in ending WIP inventory
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To calculate the units in ending WIP inventory we need to first calculate the equivalent units of pr... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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