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PRINTER VERSION BACK NEXT Exercise 17-3 (Part Level Submission) The ledger of American Company has the following work in process account. Work in Process-Painting 3,690
PRINTER VERSION BACK NEXT Exercise 17-3 (Part Level Submission) The ledger of American Company has the following work in process account. Work in Process-Painting 3,690 5/31 Transferred out ? 5/1 Balance 5/31 Materials 6,870 5/31 Labor 5/31 Overhead 2,280 5/31 Balance 3,130 Production records show that there were 510 units in the beginning inventory, 30% complete, 1,730 units started, and 1,590 units transferred out. The beginning work in process had materials cost of $2,340 and conversion costs of $1,350. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. (a) Your answer is correct. How many units are in process at May 31? Work in process, May 31 650 units SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 2 of 3 used
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