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    Equivalent units

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    Tip Top Painting Company has the following production data for January:

    ? Beginning work in process, 0 units
    ? Units transferred out, 35,000
    ? Units in ending work in process, 4,000, which are 30% complete for conversion costs

    Materials are added only at the beginning of the process. Compute equivalent units of production for both materials and conversion costs using the weighted average method.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:10 pm ad1c9bdddf
    https://brainmass.com/business/accounting/equivalent-units-for-material-conversion-218597

    Solution Preview

    ProblmUnits transferred out are 100% complete.
    Ending WIP for material is 100% ...

    Solution Summary

    The solution explains how to calculate the equivalent units for material and conversion

    $2.19

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