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Comprehensive Problem (Algo) LO 12-1, 12-2, 12-3, 12-4 During Year 3, Anywhere, Inc. (AI) incurred the following product costs. Raw materials $ 76,000 Labor 88,812
Comprehensive Problem (Algo) LO 12-1, 12-2, 12-3, 12-4
During Year 3, Anywhere, Inc. (AI) incurred the following product costs.
Raw materials | $ | 76,000 |
Labor | 88,812 | |
Overhead | 65,000 | |
The Year 2 ending balance in the Work in Process (WIP) account was $33,000. Accordingly, this is the beginning WIP balance for Year 3. There were 105 units of product in beginning WIP inventory. AI started 1,920 units of product during Year 3. Ending WIP inventory consisted of 85 units that were 60 percent complete. Required Prepare a cost of production report by filling in the cells that are left blank.
Comprehenslve Problem (Algo) LO 12-1, 12-2, 12-3, 124 During Year 3 , Anywhere, Inc. (Al) incurred the following product costs. The Year 2 ending balance in the Work in Process (WIP) account was $33,000. Accordingly, this is the beginning WIP balance for Year 3. There were 105 units of product in beginning WIP inventory. Al sterted 1,920 units of product during Yeer 3 . Ending WIP inventory consisted of 85 units that were 60 percent complete. Required Prepare s cost of production report by filling in the cells that are left blenk
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