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Calculate Equivalent units using both the Weighted Average method and FIFO for cach of the...

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Accounting

Calculate Equivalent units using both the Weighted Average method and FIFO for cach of the following independent items noted below for the Packaging Department of ABC, Inc:

Beginning Work in Process 20,000 units (80% complete for materials; 40% compl for conversion costs). Units started into production 60,000. Ending Work in Process 10,000 units (Materials 70% complete; Conversion costs 45% complete)

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