An error was made in the computation of the stage o completion of the current years ending
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Question:
An error was made in the computation of the stage o completion of the current year’s ending work in process inventor. The error resulted in assigning a lower stage of completion to each component of the inventory than actually was the case. What is the resultant effect of this error upon:
(1) The computation of equivalent units in total?
(2) The computation of costs per equivalent unit?
(3) Costs assigned to cost of goods completed for the period?
(1) (2) (3)
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0321911216
6th edition
Authors: Ron Larson, Betsy Farber
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