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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.

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Solution Summary

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

Solution Preview

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

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