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For this question, please ONLY FILL IN THE BOXES THAT ARE OUTLINED IN BLUE (as shown below). Thank you! Reed Company has two departments, a
For this question, please ONLY FILL IN THE BOXES THAT ARE OUTLINED IN BLUE (as shown below).
Thank you!
Reed Company has two departments, a machining department and a finishing department. The following information relates to the finishing department: Work-in-Process, November 1 , was 12 units, 40% completed, consisting of $110 transferred-in costs, $84 direct materials costs, and $54 conversion costs. Production completed for November totaled 82 units; Work-in-Process, November 30 , is 8 units, 50\% completed. All finishing department direct materials are introduced at the start of the process; conversion costs are incurred uniformly throughout the process. Transferred-in costs from the machining department during November were $858; costs of direct materials added were $740; conversion costs incurred were $891. Following is the summary data of Reed Company's finishing department: Prepare a production cost report for November using the weighted-average method. (Round "Cost per unit" to 2 decimal places a minus sign. Reed Company has two departments, a machining department and a finishing department. The following information relates to the finishing department: Work-in-Process, November 1 , was 12 units, 40% completed, consisting of $110 transferred-in costs, $84 direct materials costs, and $54 conversion costs. Production completed for November totaled 82 units; Work-in-Process, November 30 , is 8 units, 50\% completed. All finishing department direct materials are introduced at the start of the process; conversion costs are incurred uniformly throughout the process. Transferred-in costs from the machining department during November were $858; costs of direct materials added were $740; conversion costs incurred were $891. Following is the summary data of Reed Company's finishing department: Prepare a production cost report for November using the weighted-average method. (Round "Cost per unit" to 2 decimal places a minus signStep by Step Solution
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