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Massey Corporation uses a process cost system and the weighted-average cost flow assumption Production begins in the Fabricating Department where materials are added at the
Massey Corporation uses a process cost system and the weighted-average cost flow assumption Production begins in the Fabricating Department where materials are added at the bepinning of the process and corversion costs are incurred uniformly throughout the process. On March 1, the beginning work in process inventory consisted of 20,000 units which were 60% complete and had a cost of $175,000,$145,000 of which were materials costs. During March, the following occurred: Answer the following questions and show the computations that support your answers. (a) (c) What are the costs assigned to units completed and transferred out during March? Costs assigned to units completed and transferred out
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