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Chapter #16 - Process Costing The following information relates to the East Side Lamp Manufacturing Company's production for 2020. Beginning work-in-process inventory 300 units Beginning
Chapter #16 - Process Costing The following information relates to the East Side Lamp Manufacturing Company's production for 2020. Beginning work-in-process inventory 300 units Beginning work-in-process percent complete 25% Cost of Beginning work in process $14,906 Units started during year 7,510 units Ending work-in-process inventory 510 units Ending work-in-process percent complete 30% Current manufacturing cost (2020) $52,171 Required: A. Calculate the number of equivalent units of production. B. Calculate the cost per equivalent unit of production. C. Calculate the cost of the company's ending work-in-process inventory. D. Calculate the cost of the lamps that were transferred out
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