Question: please provide conplete screenshot or jpeg file please PROBLEM:2 FROM SYSTEM DESIGN - PROCESS COSTING The Smith Company manufactures a product that goes through two
PROBLEM:2 FROM SYSTEM DESIGN - PROCESS COSTING The Smith Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these departments, the Forming Department, during March: Percetare Carte Materiale Conversion 37 Work in process, March 1 Started into production Completed and transferred out Work in proces, March 31 70.000 460,000 450,000 80,000 718 58 Cost in the beginning work-in-process inventory and cost added during the month were as follows: Work in process, March 1 Cost added during March Materials $ 42.190 $440,810 Conversion $ 38,000 $ 394,000 The Forming Department is the first department in the production process; after forming has been completed, the units are transferred to the Finishing Department. Required: Assuming the company uses the weighted- average method, calculate the equivalent units and unit cost for materials and conversion costs, rounded to the nearest tenth of a cent
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