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 49,000 90% 65%
Work in process, October 31 32,000 69% 49%

The department started 395,000 units into production during the month and transferred 412,000 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.:- M9979649

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