Question: Calculate Equivalent units using both the Weighted Average method and FIFO for cach of the following independent items noted below for the Packaging Department of

Calculate Equivalent units using both the Weighted Average method and FIFO for cach of the following independent items noted below for the Packaging Department of ABC, Inc:

Beginning Work in Process 20,000 units (80% complete for materials; 40% compl for conversion costs). Units started into production 60,000. Ending Work in Process 10,000 units (Materials 70% complete; Conversion costs 45% complete)

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