Question: Sharp Company has a process costing system. The following data relate to the company's Mixing Department for a recent month: Units Conversion percentage complete Beginning

Sharp Company has a process costing system.
The following data relate to the company's Mixing Department for a recent month:
Units Conversion percentage complete
Beginning work in process inventory 4,00075%
Units started into production 42,000
Units completed and transferred 35,000
Ending work in process inventory 9,00010%
All materials are added at the beginning of the mixing process.
Required:
a) Compute the equivalent units of production for materials using the FIFO method.
b) Compute the equivalent units of production for conversion using the FIFO method.
c) Compute the equivalent units of production for materials using the weighted-average method.
d) Compute the equivalent units of production for conversion using the weighted-average method.

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