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Please assist on the following: The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is
Please assist on the following:
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.60 and $0.20, respectively. The equivalent units to be assigned costs are as follows: Direct Materials Conversion Inventory in process, beginning of period 0 3,270 Started and completed during the period 51,530 51,530 Transferred out of Bottling (completed) 51,530 54,800 Inventory in process, end of period 3,440 2,200 Total units to be assigned costs 54,970 57,000 The beginning work in process inventory had a cost of $3,420. Determine the cost of completed and transferred out production, and the ending work in process inventory. Inventory in process, ending Completed and transferred out production 35:]Step by Step Solution
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