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A department had 12,500 units which were 20% compl...

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A department had 12,500 units which were 20% complete in beginning Goods in Process Inventory. During the current period 60,000 units were transferred in. Ending Goods in Process Inventory was 15,000 units which were 70% complete. Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced of direct material? (Points: 6) 65,500 57,000 37,000 47,500 25,000

 

Paper#6535 | Written in 18-Jul-2015

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