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1. calculate the following: a. quantity of transferred pieces= b. transfer price= c. ending inventrory in department (A) = d. cost of ending inventory= e.
1. calculate the following: a. quantity of transferred pieces= b. transfer price= c. ending inventrory in department (A) = d. cost of ending inventory= e. ending inventory in department (B)= f. cost of ending department (B) inventory (at transferred price) = g. unrealized profits= 2. provide the entry to record the transfer between the two departments: Question 2. 6 Marks Salam Co has two departments A & B. Department A produced 760 pieces at the cost of 180 and transferred 80% of production to department B at a cost +20% profit margin. Department B then sold half of its stock. The company's policy includes allowances to reduce inventory to net realizable value by 25%. Instructions: 1) Calculate the following: Quantity of transferred pieces = Transfer price = Ending inventory in department A - Cost of ending inventory = Ending inventory in department B = Cost of ending department B inventory (at Transferred price) = Unrealized profits 2) Provide the entry to record the transfer between the two departments
1. calculate the following:
a. quantity of transferred pieces=
b. transfer price=
c. ending inventrory in department (A) =
d. cost of ending inventory=
e. ending inventory in department (B)=
f. cost of ending department (B) inventory (at transferred price) =
g. unrealized profits=
2. provide the entry to record the transfer between the two departments:
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