During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an...
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During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner Production Flow Completed and transferred to the next department Add: Ending work-in-process inventory Total units to account for Less: Beginning work-in-process inventory Units started during December 100 Physical Units 10 (40% complete as to conversion) 110 20 (60% complete as to conversion) 90 All material is added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work-in-process inventory had $120 of raw material and $180 of conversion costs incurred. Material added during December was $540 and conversion costs of $1,484 were incurred. Krause uses the weighted-average process-costing method. The total conversion cost assigned to units transferred to the next department in December was During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner Production Flow Completed and transferred to the next department Add: Ending work-in-process inventory Total units to account for Less: Beginning work-in-process inventory Units started during December 100 Physical Units 10 (40% complete as to conversion) 110 20 (60% complete as to conversion) 90 All material is added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work-in-process inventory had $120 of raw material and $180 of conversion costs incurred. Material added during December was $540 and conversion costs of $1,484 were incurred. Krause uses the weighted-average process-costing method. The total conversion cost assigned to units transferred to the next department in December was
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