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Hello. I would like help figuring out 1 with details on how to do it. Exercise E The following data relate to Work in Process-Department
Hello. I would like help figuring out 1 with details on how to do it.
Exercise E The following data relate to Work in Process-Department C, in which all materials are added at the start of processing: $7,020 1,804 Work in process - Department C: Inventory, March 1: Materials cost (1,200 pounds; 100% complete) Conversion cost (20% complete) Costs incurred this period: Direct materials used (9,000 pounds) Direct labor $36,330 10,880 Overhead 17.820 Inventory, March 31 ? Materials cost (1,800 pounds, 100% complete) Conversion cost (1,800 pounds, 80% complete) Pounds of product transferred out: 8,400 ? Using these data, compute: 1. The unit cost per equivalent unit for materials and conversion (use the average cost method). 2. The cost of the product transferred outStep by Step Solution
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