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Assume Towery Coinpany uses a process costing system based on the weighted averaze method. Towery's accountant produces the following equivalent unit calculations for the month
Assume Towery Coinpany uses a process costing system based on the weighted averaze method. Towery's accountant produces the following equivalent unit calculations for the month of july for the first department: Aso assume that current costs inciuded 334,993 of matenals and 197,412 of corversion costh. Finally, assume that duaring the month of july, the average cost per equikalent unit of matelials and conversion costs were 56.64 and 419.40 respectuvely. Catculate the dollar amount accumulated in the begirning inventory for direct materials from the priof period. Select one: a. $2,850 b. 540.698 c. $72.86 d. 5132,410 e. None of the above Assume Towery Company uses a process costing system based on the weighted ave for the month of July for the first department: Also assume that current costs included $34,998 of materials and $97,412 of conver
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