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(15 points - 5 each) Temple Manufacturing Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses a process cost
(15 points - 5 each) Temple Manufacturing Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses a process cost accounting system. (b) Raw materials requisitioned for production were: (d) F Finishing department 25,000 (e) Manufacturing overhead is applied to the product based on machine hours used in each department: Mixing department -300 machine hours at $30 per machine hour. Finishing department -500 machine hours at $20 per machine hour. (f) Units costing $56,000 were completed in the Mixing Department and were transferred to the Finishing Department. (g) Units costing $60,000 were completed in the Finishing Department and were transferred to finished goods
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