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Please help. Thanks The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and
Please help. Thanks
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and $0.15, respectively. The equivalent units to be assigned costs are as follows. Direct Materials Conversion Inventory in process, beginning of period Started and completed during the period Transferred out of Bottling (completed Inventory in process, end of period Total units to be assigned costs 52,000 52,000 3,500 3,000 52,000 55,000 2,100 The beginning work in process inventory had a cost of $3,500 Required: Prepare a schedule that determines the cost of goods completed and transferred out, and the ending work in process inventoryStep by Step Solution
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