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Norvell Inc., a manufacturer of premium footballs, has the following cost data: Type Beg. WIP DM Cost Cost $1,000 $2,000 $15,000 Conv Cost Incurred
Norvell Inc., a manufacturer of premium footballs, has the following cost data: Type Beg. WIP DM Cost Cost $1,000 $2,000 $15,000 Conv Cost Incurred during period $26,000 Beg. WIP Conv Cost DM Cost Incurred during period Assume Norvell completed and transferred out 36,000 units and had a total of 56,000 equivalent units of conversion. How much Conversion Cost will Norvell assign to the units completed and transferred out during the period?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
