Question: Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 17,000 units; 53,000 units were started in production; and

Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 17,000 units; 53,000 units were started in production; and 47,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 45% complete with respect to conversion.

Equivalent Units of Materials
Equivalent Units of Conversion

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