Atlanta Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and
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Atlanta Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2017, the first month of operations for the company’s new Brunswick plant, follow:
Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of \($24\) per machine hour. Units in process at the end of the period were 60 percent converted.
Required
Prepare a cost of production report for Atlanta Paper Company for October.
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