Question: Part 2 Process Costing The candy making department at WONKA provides you with the following information for August. All direct materials are placed in process
Part 2 Process Costing The candy making department at WONKA provides you with the following information for August. All direct materials are placed in process at the beginning of production. The facts are: Beginning WIP Purchases Incurred Allocated Completed Ending WIP Aug. 1 WIP 5,000 units (50% complete) Aug, 31DM 312,000 units Aug, 31 DL Aug, 31 FO Aug, 31305,000 units Aug. 31 Unfinished units are 20% complete. $40,000 $1,000,000 $200,000 $100,000 REQUIRED: Use the weighted average process cost method to identify and classify the costs below 2. Determine the equivalent units of productions for direct materials and conversion costs nit
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