Question
Price Company produces grape juice in a continuous process. The company employs a FIFO process costing system. Data concerning activity in January at the
Price Company produces grape juice in a continuous process. The company employs a FIFO process costing system. Data concerning activity in January at the company are given in the table below. Equivalent units in ending WIP Costs per equivalent unit Direct Materials 5,700 $8.00 Conversion Costs 5,000 $14.75 127,000 units were completed and transferred out to finished goods during January. The total cost of the ending WIP is:
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
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