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AlHilal Company manufactures bicycles. Materials and conversion costs are incurred uniformly. Production and cost data for the month of March 2023 are as follows. Instructions:
AlHilal Company manufactures bicycles. Materials and conversion costs are incurred uniformly. Production and cost data for the month of March 2023 are as follows. Instructions: A) Calculate the following: 1) The equivalent units of production for materials and conversion. 2) The unit costs of production for materials and conversion costs. 3) The assignment of costs to units transferred out and in process at the end of the accounting period. (B) Prepare a production cost report for the month of March for the bicycles
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