Accounting: how to calculate equivalent units of production using the FIFO method?
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Please help me with this accounting problem. I'm having trouble computing the equivalent units of production by the information I was given. Beginning Goods in Process: 150,000 units in production, 85% labor added Goods Started: 310,000 units in production, 100% labor added Goods Completed: 340,000 units in production, 100% labor added Ending Goods in Process: 120,000 units in production, 25% labor added Thank you so much!!
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Answer:
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