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Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department
Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion. Costs added this period Direct materials Conversion Total costs to account for 385,000 $ 12,850 1,680 $ 14,530 198,240 583,240 $ 597,770 Direct Materials Conversion Percent Percent Unite Complete Complete Beginning work in process inventory 1,500 100% 20% Units started this period 35,000 Completed and transferred out 34,500 Ending work in process inventory 2,000 100% 60% Prepare a production cost report using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)
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