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d) Determine the costs to be assigned to the units transferred out and in process for June e) Prepare a production cost report for the
d) Determine the costs to be assigned to the units transferred out and in process for June
e) Prepare a production cost report for the Molding Department for the month of June
Problem 16-02A a-e (Video) (Part Level Submission) Concord Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2020 are presented below. Production Data June Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory 25,080 2,280 40 % Cost Data Material:s Labor Overhead $225,720 61,104 128,592 $415,416 Total (b) Your answer is partially correct. Try again Determine the equivalent units of production for materials and conversion costs Materials Conversion Costs Total equivalent units 23712 23712 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 5 of 5 used Your answer is partially correct. Try again Compute the unit costs of production Materials Conversion Costs Total Unit Cost Unit Costs 9.52 17.52 Click if you would like to Show Work for this question: Open Show Work
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