The Smith Company manufactures a product that goes through two departments prior to completion. The following informatio
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The Smith Company manufactures a product that goes through two departments prior to completion. The following informatio
The Smith Company manufactures a product that goes through twodepartments prior to completion. The following information isavailable on work in one of these departments, the FormingDepartment, during March:Cost in the beginning work-in-process inventory and cost addedduring the month were as follows:The Forming Department is the first department in the productionprocess; after forming has been completed, the units aretransferred to the Finishing Department.Required: Assuming the company uses the weighted-average method,calculate the equivalent units and unit cost for materials andconversion costs, rounded to the nearest tenth of a cent.