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Show all calculations and answers in organized way. Adam Beck Chemical Co. uses an average cost processing system. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate through-out the process. Adam's records indicate the following data for May:
Beginning WIP, May 1,500 units

Started in May 5,000 units

Completed and transferred 4,500 units

Ending WIP, on May 31, is 60% completed as to labor and factory overhead.
Calculate Equivalent units for direct materials. 2. Calculate Equivalent units labor and overhead.

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Category:- Accounting Basics
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