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BEC - Universal CPA > CHAPTER 2: OPERATIONS MANAGEMENT PART I > Flashcards

CHAPTER 2: OPERATIONS MANAGEMENT PART I Flashcards

1
Q

What is Weighted Average Method?

A

Units Completed + Ending WIP * % Complete = Equivalent Units

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2
Q

What is the FIFO method?

A

Beginning WIP * % to Complete + Units Completed - Beg WIP + Ending WIP * % completed = Equivalent Units

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BEC - Universal CPA (4 decks)

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