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Business, 04.10.2020 05:01 ddmoorehouseov75lc

Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 700 Materials costs $ 8,700 Conversion costs $ 3,700 Percent complete with respect to materials 70 % Percent complete with respect to conversion 10 % Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month $ 92,200 Conversion costs added during the month $ 269,600 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 80 % Percent complete with respect to conversion 25 % What are the equivalent units for materials for the month in the first processing department

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Normand Corporation uses the FIFO method in its process costing system. Data concerning the first pr...
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