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At Pablo Company, direct materials ( DM ) are added at the start of the process and conversion costs ( CC ) are added evenly
At Pablo Company, direct materials DM are added at the start of the process and conversion costs CC are added evenly during the process. Company is using FIFO Method.
The following is given for a cooking department for month of May:
Beginning Work in process inventory CC
Physical Units
complete
Units started during current month
Units completed and transferred out during current
month:
Ending Work in process inventory CC complete
Inspection occurs when production is percent completed. Normal spoilage is percent of good units that successfully pass the inspection point in current month.
The following cost data are available:
Beginning Work in Process Costs: DM $; CC $
Costs added during current period: DM $; CC $
What is the cost of units completed and transferred out to Testing Department?
Example of Answer: No comma, space, decimal point, or $ sign
Answer:
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