Gruber Company transfers out 14,000 units and has 2,000 units of ending work in process that are
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Gruber Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process. Assuming unit materials costs of $3 and unit conversion costs of $9, what are the costs to be as- signed to units
(a) transferred out and
(b) in ending work in process?
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Related Book For
Managerial Accounting Tools For Business Decision Making
ISBN: 9780471413653
2nd Canadian Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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