Lindex company uses a process costing system the following, Ask an Expert

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Lindex Company uses a process costing system. The following data are available for one department for October:

		Percent Completed
	Units	Materials	Conversion
Work in process, October 1	48,000	95%	60%
Work in process, October 31	29,000	66%	50%

The department started 386,000 units into production during the month and transferred 405,000 completed units to the next department.

Required:

Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9800230

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