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Topic: Technology
Number of pages / Number of words: 14 / 3732
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31

10,000

80,000

15,000

70%

40%

All materials are added at the beginning of processing in the Assembly Department.

The equivalent units of production for labor and overhead for the month, using the FIFO method, are:

1. 90,000.

2. 70,000.

3. 80,000.

4. 74,000.

8. Lap Company uses the weighted?average method in its process costing system...


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74,000.

8. Lap Company uses the weighted?average method in its process costing system. The beginning inventory in a particular department consisted of 80,000 units, 100% complete with respect to materials and 25% complete with respect to conversion costs. The total dollar value of this inventory was $226,000...


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