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Cost Accounting olandout Process Costing:5 Trevorco is a manufacturer of silk cloth. The information for March is as follow Beginning work in process Units started
Cost Accounting
olandout Process Costing:5 Trevorco is a manufacturer of silk cloth. The information for March is as follow Beginning work in process Units started Units completed 10,000 units 20,000 units 25,000 units Beginning work-in-process direct materials Beginning work-in-process conversion Direct materials added during month Direct manufacturing labor during month Factory overhead during the month $6,000 S 2,600 $30,000 $12,000 $ 5,000 Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete Required: Calculate CPU, CGM, and ending WIP using WA and FIFO. Make the relevant journal entries. increasing or decreasing? How do you know? Are costsStep by Step Solution
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