Equivalent Units of Production for Materials
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Ferrelli Brothers Painting has the following production data for January:
Beginning work in process, 0 units
Units transferred out, 35,000
Units in ending work in process, 4000, which 30% are 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 weighted average method.
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Solution Summary
This solution shows how to compute the units of production for materials and conversion costs using the Weighted Average Method (WAM).
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Equivalent Units
QUANTITIES Physical Units Materials ...
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