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ques1 Grand River Company produces a high-quality insulation material that...

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Accounting

ques1
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Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for November for the first process. 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal ploces.) 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in November. (Round intermediote calculations to 2 decimal places.)

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