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The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing.
Consider the following data for May 2020 : (Click the icon to view the data.) Requirement
Compute equivalent units for direct materials and conversion costs. Show physical units in the
first column of your schedule. Data table Enter the physical units in first, then calculate the
equivalent units.

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The assembly division of Canterbury Watches- Inc- uses the FIFO method.pdf

  • 1. The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for May 2020 : (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Data table Enter the physical units in first, then calculate the equivalent units.