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    Morgan Processing, Inc

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    Please help with the following problem.

    The following unit data were assembled for the heating process of Morgan Processing, Inc., for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method.

    (see attached file for chart)

    The number of equivalent units produced with respect to conversion costs is
    A) 43,700. B) 45,700. C) 48,200. D) 50,200.

    The number of equivalent units produced with respect to direct materials costs is
    A) 39,500. B) 44,000. C) 49,000. D) 48,500.

    © BrainMass Inc. brainmass.com June 3, 2020, 11:39 pm ad1c9bdddf
    https://brainmass.com/business/accounting/morgan-processing-inc-290045

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    The following unit data were assembled for the heating process of Morgan Processing, Inc., for the month of August. Direct materials are added at the beginning of the ...

    Solution Summary

    The following posting helps with an accounting problem. The solution computes number of equivalent units produced with respect to conversion cost & direct material cost.

    $2.19

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