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Kalox, Inc. manufactures antacid product. Data for May follows: The beginning work in process inventory was 30% complete as to materials and 10% with respect
Kalox, Inc. manufactures antacid product. Data for May follows:
The beginning work in process inventory was 30% complete as to materials and 10% with respect to processing (labor and overhead). The ending work in process inventory was 60% complete as to materials and processing. Using the weighted average method, determine the total unit cost for the month. Using the FIFO method, determine the total unit cost for the month.
gallon Materials processing Work in process May 1 80,000 $200,000 $100,000 Gallon started in process 710.000 Work in process May 31 30,000 cost added during the month $1,250,000 $1,000,000Step by Step Solution
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