Find equivalent units of direct materials-weighted average


The Malbim Company uses the process costing system. Materials are added at starting of process. On July 1 there are 400 units in starting inventory which are 100% complete as to materials. With regard to labor and overhead, though, units in starting inventory (July 1) are only 75% complete. In July, 10,000 units were placed in production; of these, 7,400 were finished and transferred to next department. On July 31, remaining 3,000 units were 20% complete with regard to labor and overhead. Using Weighted Average method, compute equivalent units of Direct Materials Direct Labor and Factory Overhead utilizing FIFO method, find equivalent units of Direct Materials Direct Labor and Factory Overhead.

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Mathematics: Find equivalent units of direct materials-weighted average
Reference No:- TGS0866957

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