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Just need the production cost report - thank you Lily Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at
Just need the production cost report - thank you
Lily Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Your answer is correct. Compute the physical units of production. T12 Tables Units to be accounted for eTextbook and Media Attempts: 1 of 3 used (a2) Your answer is correct. Compute equivalent units of production for materials and for conversion costs. Your answer is correct. Show the assignment of costs to units transferred out and in process. Prepare the production cost report for July 2020. Conversion Costs Materials Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs $Step by Step Solution
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