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Macey Company uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs.
-The number of equivalent units of material was
Place Utility
The value added to products by having them in a location where they are accessible to consumers when needed.
Production Points
Places or stages in the manufacturing process where goods are created, assembled, or significantly altered.
Finished Product
The final output of the production process, ready for sale or distribution to customers.
Dollar Value
The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.
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