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Cutver Company uyes the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and corversion costs are incurred uniformly
Cutver Company uyes the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and corversion costs are incurred uniformly throughout the process. Work in process inventory on May 1 was 75 Sis complete and work in process inventory on May 31 was 60% complete as to comversion costs. Complete the Production Cost Report for the Molding Department tor the month of May using the above information and the information below. (Round unit costs answers to 2 decimal ploces, es. 52.75 ) ccounted for xress, May 1 iproduction be accourted for iFiation Schedule. sted for. and transterred out 5 cess.May 31 5 ncosts scountedfor
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