Beginning Work-in-Process is 2,000 units; 44,000 units completed, and ending Work-in-Process is 3,000 units, which are 100%
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Beginning Work-in-Process is 2,000 units; 44,000 units completed, and ending Work-in-Process is 3,000 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP Inventory is 100% complete for direct materials and 50% complete for conversion.
Required
1. What are the equivalent units for materials and conversion using the weighted-average method?
2. What are the equivalent units for materials and conversion using the FIFO method?
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a Firstin Firstout FIFO In this method of valuation inventories are sold at a cost associated with t...View the full answer
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