Mirada Company manufactures handheld calculators and has the following information available for the month of July: Required:

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Mirada Company manufactures handheld calculators and has the following information available for the month of July:


Mirada Company manufactures handheld calculators and has the following information


Required:
Using the weighted-average method of process costing, complete each of the following steps:
1. Reconcile the number of physical units worked on during the period.
2. Calculate the number of equivalent units.
3. Calculate cost per equivalent unit, rounded to five decimal places.
4. Reconcile the total cost of work inprocess.

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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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