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Please show your work on how you got the answers. Materials are added at the beginning of a production process, and ending work in process
Please show your work on how you got the answers.
Materials are added at the beginning of a production process, and ending work in process inventory is 30% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted-average method. Cost to Account for Begining inventory: materials Begining inventory: conversion Direct materials Direct labor Applied Overhead Total costs to account for Units to account for 10,000 Begining work in process 19,000 Units started into production 50,000 Transferred out 75,000 37,248 191,248 5,000 20,000 19,000Step by Step Solution
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