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The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out ? 5/31 Materials 5,580
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out ? 5/31 Materials 5,580 5/31 Labor 3,108 5/31 Overhead 1,480 5/31 Balance ? Production records show that there were600units in the beginning inventory, 30% complete, 1,800units started, and 1,500units transferred out. The beginning work in process had materials cost of $2,340and conversion costs of $1,550. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. (d) Your answer is incorrect. What is the total cost of units transferred out in May? The total cost of units transferred out in May $ e Textbook and Media Assistance Used e Textbook 1 e Textbook2 e Textbook3 Media Save for Later Attempts: 3 of 5 used Submit
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