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    Using the FIFO method and Weighted Average Method to calculate cost per equivalent unit

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    Mack Company has following info available for November:

    BEG work in Process Inventory
    (25% complete as to conversion) 10,000 units

    Started 120,000 units

    Ending Work in process inventory
    (30% complete as to conversion) 30,000 units

    Beginning Work in Process Inventory Costs:
    MATERIAL $2,100
    CONVERSION $2,030

    Current period Costs:
    MATERIAL $33,000
    CONVERSION $109,695

    All material is added at the start of production and all products completed are transferred out.

    Prepare a schedule showing computations for cost per equivalent unit assuming the
    (a) FIFO method
    (b) Weighted Average Method.

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