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CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Percentage Complete Units Materials Work in process, beginning 44,000 75% Conversion 30% Started into production 357,000 Completed and transferred out 313,000 Work in process, ending 88,000 60% 25% Materials Conversion Work in process, beginning Cost added during June $ 29,500 $598,000 $ 26,000 $183,000 Required: Assume that the company uses the FIFO method.
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