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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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