24) Lindex Company manufactures a product that goes through three processing departments. 24) Information relating...
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Accounting
24) Lindex Company manufactures a product that goes through three processing departments. 24) Information relating to activity in the first department during October is given below:
Work in process, October 1
Units 25,000 Percent Completed Materials 75% Percent Completed Conversion 60% Work in process, October 31
Units 15,000
Percent Completed Materials 70%
Percent Completed Conversion 70%
The department started 195,000 units into production during the month and transferred 205,000 completed units to the next department.
Required:
Compute the equivalent units of production for the first department for October, assuming that the company uses the weighted-average method of accounting for units and costs.
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