Business, 18.01.2021 14:00 YwnDerek

Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete. Beginning balance December 200 units, 20% complete for conversion $14,000
Completed 800 units and transferred to finished goods inventory $131,182
Direct materials 54,000
Direct labor 34,000
Factory overhead Property taxes 6,000
Depreciation 32,000
Utilities 18,000
Indirect labor 4,000
Ending balance December 31, 300 units, 40% complete 30,818

Required:
Calculate equivalent units using the weighted-average and FIFO methods.

Answers: 1

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Holly Company has the following information for December 1 to December 31. All direct materials are...

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