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Determinet the Equivalent units of production for materials and conversion costs
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Production costs: 1. Transferred out 8960 units 2. Started 1,100 units that are 40% complete as to converstion costs and 100% complete as to materials at July 31 Costs: Beginning work in process $0 Materials 45,010 Labor 14,080 Manufacturing overhead 18,810
Equivalent Units
[ 2 Answers ]
TOTAL PROBLEM (NOTE MY SOLUTION IS BELOW THE PROBLEM BUT IT Isn't BALANCING) Beginning of Month #'s: Direct Labor = $24,000 WIP = 5,000 Direct Material = $20,000 Completed = 80,000 completed and transferred to Packaging Dept Over Head = $4,000
Equivalent Units; Weighted-Average Method
[ 0 Answers ]
You are employed by Spirit Company, a manufacturer of digital watches. The company's chief financial officer is trying to verify the accuracy of the ending work in process and finished goods inventories prior to closing the books for the year. You have been asked to assist in the verification. ... View more questions Search
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