Business, 03.03.2020 00:46 makayladishon

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available:

Work in process, August 1 (57% complete with respect to conversion) 16,700
Started in August 121,700
Completed 121,700
Work in process, August 31 (72% complete with respect to conversion) 16,700
a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

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Magic Company adds materials at the beginning of the process in Department A. The following informat...

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