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Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of
Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of conversion. During the period, Nutsy started 180,000 units and completed 200,000 units. Ending inventory was 60% complete with respect to direct materials and 20% complete with respect to conversion. Nutsy's costs for the period are as follows: Beginning Inventory: $7,000 Direct Materials Added: $491,400 Conversion Costs Added: $804,000.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
