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need help with 13 and 14 The financial records for Meredith Manufacturing are being held for ransomware by a group of hackers. The following information
need help with 13 and 14
The financial records for Meredith Manufacturing are being held for ransomware by a group of hackers. The following information has been obtained from a separate back-up set of books maintained on a private server. You have been asked to assist with computing missing amounts Direct Materials Inventory Cost of Goods sold Beg. Bal. 10,000 Transferred Out 27,000 Purchases ? Finished Goods Inventory 2 Beg. Bal Transferred Out End. Bal. 8,400 Work in Process Inventory Beg. Bal. 9.500 Transferred Out Materials 22,000 Labor 15, see Overhead 10,000 End. Bal. Transferred in End. Ball 41.500 6,200 What is the value of the ending Work-in-process inventory balance? The Rice Company uses the weighted average method in its process costing system. The Finishing Department started the month with 16,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs. An additional 77,000 units were started during the month. There were 13,000 units in the ending work-in-process inventory of the Finishing Department that were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Finishing Department for the month? Multiple Choice 71400 82600 80000 Step by Step Solution
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