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QualCon Inc produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data concerning that department’s operations in the most recent period appear below

QualCon, Inc., produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data concerning that department’s operations in the most recent period appear below: Beginning work in process: Units in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400 Stage of completion with respect to materials . . . . . . . . . 75% Stage of completion with respect to conversion . . . . . . . 25% Units started into production during the month . . . . . . . . . . 42,600 Units completed and transferred out . . . . . . . . . . . . . . . . . . 42,500 Ending work in process: Units in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 Stage of completion with respect to materials . . . . . . . . . 80% Stage of completion with respect to conversion . . . . . . . 30% Required: QualCon uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Melt and Mold Department.

Jun 27 2020 View more View Less

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