Required information Use the following information for the Exercises below. (Static) Skip to question ...
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Accounting
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Use the following information for the Exercises below. (Static)
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[The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data.
| Beginning work in process inventory | 24,000 | units |
|---|---|---|
| Units started and completed | 56,000 | units |
| Units completed and transferred out | 80,000 | units |
| Ending work in process inventory | 16,000 | units |
Exercise 20-4 (Static) Weighted average: Computing equivalent units LO P1
Prepare the production departments equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing.
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