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Exercise 6.43 On June 30, Waterway Chemicals Limited has 16,400 units in its ending work-in-process...

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Accounting

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Exercise 6.43 On June 30, Waterway Chemicals Limited has 16,400 units in its ending work-in-process account. These units are 80% complete with respect to conversion costs. Conversion costs are added uniformly throughout the process, but the production process adds materials in stages as follows: Process Stage 0% completion 40% completion 75% completion 95% completion Percent of Materials Added 10% 30% 45% 15% The company introduced 55,100 units to production during June and completed 51,500 units in the month. On June 1, the work in process was 70% complete with respect to conversion costs. Assuming that the company uses the weighted average method, what would be the equivalent units of production with regard to conversion costs? Equivalent units units Assuming that the company uses the FIFO method, what would be the equivalent units of production for June with regard to materials? Equivalent units units Question Attempts: 0 of 3 used

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