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the unit material cost for may The ledger of Ivanhoe Company has the following work in process inventory account. Production records show that there were
the unit material cost for may
The ledger of Ivanhoe Company has the following work in process inventory account. Production records show that there were 400 units in the beginnin s inventory, 30% complete, 1,700 units started into proctuction. and 1,500 units completed and transferred out The beginning work in pcocess had materials cost of $2.240 and comersion costs of $1.450. The units in ending inventory were 40% cocrplete as to conversion costs. Materials arc entered at the beginning of the. painting process, and conversion costs are incurred uniformily throughout the process Step by Step Solution
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