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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 5
Darim Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for June:
a. All materials are added at the beginning of the process.
b. Beginning work in process had 60,000 units, 30 percent complete with respect to conversion costs.
c. Ending work in process had 12,000 units, 25 percent complete with respect to conversion costs.
d. Started in process, 75,000 units.
Required:
1. Prepare a physical flow schedule.
2. Compute equivalent units using the weighted average method.
3. Compute equivalent units using the FIFO method.
a. All materials are added at the beginning of the process.
b. Beginning work in process had 60,000 units, 30 percent complete with respect to conversion costs.
c. Ending work in process had 12,000 units, 25 percent complete with respect to conversion costs.
d. Started in process, 75,000 units.
Required:
1. Prepare a physical flow schedule.
2. Compute equivalent units using the weighted average method.
3. Compute equivalent units using the FIFO method.
Explanation
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Equivalent units:
Equivalent unit's als...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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