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Accounting

Problem:

Stanley Company adds materials at the beginning of the process in Department M. Data concerning the materials used in the March production follows:

	Units
Work in process at March 1	15,000
Started during March	38,000
Completed and transferred to next department during March	37,000
Normal spoilage incurred	2,000
Work in process at March 31	14,000

Required

Question: Using the average cost method, the equivalent units for the materials unit cost calculation are:

38,000.
51,000.
55,000.
37,000.

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164888

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