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Albany Mining Corporation uses a process costing system for its ore extraction operations. The following information pertains to work-in-process inventories and operations for the month
Albany Mining Corporation uses a process costing system for its ore extraction operations. The following information pertains to work-in-process inventories and operations for the month of Costs for the month were as follows BWIP Incurred in May Direct materials Direct labor $54,560 $ 468,000 182,880 Completion % 20,320 Units Materials Conversion Factory 32.000 60% BWIP on May 1 Started in overhead 391.160 $90,120 $1,042,040 20% 15.240 production Completed 200,000 production EWIP on May 31 (184,000) 48,000 90% 40% Using the weighted-average method, Albany Mining's equivalent unit cost of materials for May is
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