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Can I get the answer of this question of this answer please. Production and cost data for the month of February for Process A of
Can I get the answer of this question of this answer please.
Production and cost data for the month of February for Process A of the Packer manufacturing Company follow: Production record: 4,000 10,000 Units in process, February 1 (100% complete with respect to materials; 25% complete with respect to conversion cost) New units started in process Units completed Units in process, February 28 (100% complete with respect to materials; 1/3 complete with respect to conversion cost) Cost record: 8,000 6,000 Work in process inventory, February 1: Materials $600 Conversion 100 700 Costs for February: Materials issued 3,000 Conversion 1,500 Total cost to be accounted for $5,2001 The company uses the weighted-average method in its process costing system. Required: a) Calculate the equivalent units and unit costs for February for materials and for conversion costs. b) Determine the cost transferred to finished goods. c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventoriesStep by Step Solution
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