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WIFO, LIFO, Weighted Average options accepted! I would like to have work shown for this please!! The ledger of Oriole Company has the following work
WIFO, LIFO, Weighted Average options accepted!
I would like to have work shown for this please!!
The ledger of Oriole Company has the following work in process account. ? Work in Process-Painting 5/1 Balance 3,690 5/31 Transferred out 5/31 Materials 5,980 5/31 Labor 4,478 5/31 Overhead 1,980 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $850. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Your answer is correct. How many units are in process at May 31? Work in process, May 31 T 600 units LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is correct. What is the unit materials cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) The unit materials cost for May 4.2 X Your answer is incorrect. Try again. What is the unit conversion cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) The unit conversion cost for May x Your answer is incorrect. Try again. What is the total cost of units transferred out in May? The total cost of units transferred out in May + in May $ x Your answer is incorrect. Try again. What is the cost of the May 31 inventory? Work in process Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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