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MediSecure, Inc., produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below:

  • Beginning work in process:
  • Units in process 500
  • Stage of completion with respect to materials 80%
  • Stage of completion with respect to conversion 40%
  • Units started into production during the month 153,600
  • Units completed and transferred out 153,700
  • Ending work in process:
  • Units in process 400
  • Stage of completion with respect to materials 75%
  • Stage of completion with respect to conversion 20%

Required:

MediSecure uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Molding Department.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9974972

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