Question
divided into two departments Department 1 and Department 2. The company uses a process costing system. Martinez incurred the following costs during the year to
divided into two departments Department 1 and Department 2. The company uses a process costing system. Martinez incurred the following costs during the year to produce 25,700 chairs: Department 1 $863,500 Department 2 $287,000 And Martinez sold 22,600 chairs during the year, Required: What will be the cost per chair produced? (Round your answer to two decimal places.) Calculation of cost per chair produced: Cost of Department 1 = $863,500 Cost of Department 2 = $287,000 Total Cost from both Department = $1,150,500 Total Desk chair Produced = $25,700 Cost per Desk chair produced = $1,150,500 / $25,700 Cost per Desk chair produced = $44.77 So Cost per Desk chair produced is $44.7 What is the total cost of goods sold in dollars? (C) Martinez Products manufactures a line of desk chairs. Martinez's production operations are?
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