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Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, w

Compute the physical units for January and May. January May Units to be accounted for Beginning work in process Started into

Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Co

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January May
Units to be accounted for:
Beginning work in process 0 0
Started into production 13900 21790
Total units 13900 21790
Units accounted for:
Transferred out 12100 14500
Ending work in process 1800 7290
Total units 13900 21790
Materials Conversion costs
January 13900 13306 =12100+(1800*67%)
March 15700 13490 =12300+(3400*35%)
May 21790 20332 =14500+(7290*80%)
July 14300 12943 =12000+(2300*41%)
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