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Problem 8 - 7 1 ( Static ) Choosing Between Job Costing and Process Costing ( LO 8 - 7 ) Saratoga Systems produces a
Problem Static Choosing Between Job Costing and Process Costing LO
Saratoga Systems produces a single product. The production process requires all material to be brought to the shop floor before any work begins. The material is then processed and assembled and then transferred to finished goods inventory. Every unit is completely identical in specification and use, and no customization is possible. Because of the cost of the product, only a few units are produced in any one month.
During June, only three units were started, and these were labelled ID ID and ID There was no beginning inventory of any kind on June Records from the raw material store and employee time records show the following requisitions and direct labor costs:
tableDirect Material,Direct LaborID$$
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