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On March 31, Norgan Ltd. recorded the following information in the Second Department's Work in Process account: Units Cost Beginning balance (70% complete) 14,000 $
On March 31, Norgan Ltd. recorded the following information in the Second Department's Work in Process account: Units Cost Beginning balance (70% complete) 14,000 $ 60,000 Started into production 80,000 229,852 Completed and transferred to Packaging 90,000 Ending balance (80% complete) 4,000 Assume that the unfinished units in the ending inventory are 80% complete for both materials and conversion.
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
