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Kindly answer the following questions correctly M17-18. Process Costing L05 Snooz makes a single model of its white noise sound machine. Assume the product is
Kindly answer the following questions correctly
M17-18. Process Costing L05 Snooz makes a single model of its white noise sound machine. Assume the product is produced Snooz on a continuous basis in one department. All materials are added at the beginning of production. MBO The total cost per equivalent unit in process in March was $56, consisting of $32 for materials and $24 for conversion. During the month, 12,000 units of product were transferred to finished goods inventory; on March 31, 5,000 units were in process, 10% converted. The company uses weighted average costing. REQUIRED a. Determine the cost of goods transferred to finished goods inventory. b. Determine the cost of the ending work-in-process inventory. c. What was the total cost of the beginning work-in-process inventory plus the current manufac- turing costsStep by Step Solution
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