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Pharma Company produces various medicines in capsule form. At the beginning of the month of...

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Accounting

Pharma Company produces various medicines in capsule form. At the beginning of the month of February, it had 8,000 units that were 50% complete. These were assigned costs of $80,000. During the month, it completed 50,000 units and has 15,000 units that are 60% completed. It had production costs during the month of $850,000.

Complete all five steps of a production report using the weighted average method. Complete all five steps of a production report using the FIFO method.

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