At the beginning of august 20x1 xyz corporation had 100, Financial Accounting

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At the beginning of august 20x1 xyz corporation had 100

At the beginning of August 20x1, XYZ Corporation had 100 units in beginning work in process, which were 100% complete with respect to materials and 20% complete with respect to conversion. XYZ started 500 units during August. Ending work in process consisted of 50 units, which were 100% complete with respect to materials and 60% complete with respect to conversion.

a. Calculate XYZ’s equivalent units for August using the FIFO method.

b. Calculate XYZ’s equivalent units for August using the weighted average method.

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Financial Accounting: At the beginning of august 20x1 xyz corporation had 100

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Financial Accounting: At the beginning of august 20x1 xyz corporation had 100

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