Longboard Company has a process costing system. All materials are introduced at the beginning of...
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Accounting
Longboard Company has a process costing system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January:
Units
Work in process, July 1 (40% complete for conversion)
350
Started
1,750
Completed and transferred to Department 2
1,650
Work in process, July 31 (60% complete for conversion)
450
What are the equivalent units for the month of July if the company uses the weighted-average method?
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