Painter Corporation has the following information for the current month: Units...
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Accounting
Painter Corporation has the following information for the current month:
Units started
100,000
units
Beginning Work in Process: (35% complete)
20,000
units
Normal spoilage (discrete)
3,500
units
Abnormal spoilage
5,000
units
Ending Work in Process: (70% complete)
14,500
units
Transferred out
97,000
units
Beginning Work in Process Costs:
Material
$15,000
Conversion
10,000
All materials are added at the start of the production process. Painter Corporation inspects goods at 75 percent completion as to conversion. Refer to Painter Corporation. What are equivalent units of production for conversion costs, assuming FIFO?
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