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The Diamond Company had computed the flow of units for Department A for the month of May as follows: % of completion for Units Materials
The Diamond Company had computed the flow of units for Department A for the month of May as follows: % of completion for Units Materials Conversion Costs
Beginning Inventory 20,000 70% 40%
Finished 60,000
Ending Inventory 8,000 90% 60%
In Department A, the beginning inventory was composed as follows:
Materials $ 68,600
Labor 41,600
Overhead 28,800
$139,000
During the month of May, the following additional costs were incurred:
Materials $255,360
Labor 306,720
Overhead 204,480 $766,560
Instructions: Determine each of the following, using a FIFO cost flow
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