On June 1, the Grinding Department of Precision Lenses had costs carried forward from May totaling $400,000.
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On June 1, the Grinding Department of Precision Lenses had costs carried forward from May totaling $400,000. Resources consumed to complete the beginning inventory totaled $80,000. The total cost of units started by the Grinding Department in June was $1,600,000. On June 30, costs assigned to the department’s ending inventory totaled $590,000. Compute the costs transferred out of the Grinding Department during June.
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Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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