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How to solve this question? ALNT uses an automated process to manufacture key chains. For April, the company had the following activities: Beginning work in
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ALNT uses an automated process to manufacture key chains. For April, the company had the following activities: Beginning work in process inventory Units placed into production Ending work in progress Cost of beginning work in progress Direct materials costs, April Conversion Costs, April 40,000 units, 30% complete 140,000 units 30,000 units, 60% complete $36,080 $100,800 $101,400 Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. There is no spoilage. Required: Prepare a production cost worksheet using the FIFO methodStep by Step Solution
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