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For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming thatthey are continuously at the same percentage of completion: A Beginning WIP Inventory (45% complete) 10,000 Units started in production 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000 b. Beginning WIP Inventory (30% complete) 40,000 Units started in production 480,000 Units transferred out? Ending WIP Inventory (70% complete) 26,000 c. Beginning WIP Inventory (55% complete) 15,000 Units started in production 405,000 Units transferred out 415,800 Ending WIP Inventory (90% complete)? d. Beginning WIP Inventory (25% complete) 10,800 Units started in production? Units transferred out 351,600 Ending WIP Inventory (45% complete) 18,300 20. LO.3 (FIFO EUP) Using the information in Exercise 17 and assuming a FIFO method of process costing, determine the equivalent units of production for labor and overhead.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975894

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