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American Public University Operations And Supply Chain Management Assignment Help - FIFO

Question - The St. Vincent Manufacturing Company produces a single product in a single processing department. The material is added when 25% of the conversion costs have been added. The Work-in- Process Inventory account on April 30th includes the following information: Beg Bal $1,382 Material 5,325 Labor 10,863 Overhead 15,012 During the month, the company finished and transferred 72,000 units out of the Work-in-Process Inventory. 9,000 units were in process at the beginning of the month and were 40% complete. 8,000 units were in process at the end of the month, and were 70% complete. The company uses (FIFO) process costing. Required (use 4 decimal places for computations): (a) Compute the equivalent units of production (EUP) for materials and ...Read More

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