The Cutting Department of Hong Manufacturing has the following production and cost data for July. Instructions(a) Determine

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The Cutting Department of Hong Manufacturing has the following production and cost data for July.

Instructions(a) Determine the equivalent units of production for (1) Materials and (2) Conversion costs.(b) Compute unit costs and prepare a cost reconciliation schedule.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 28, 2011 06:17 AM

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The Cutting Department of Hong Manufacturing has the following production and cost data for July. Instructions(a) Determine

Question:

Production 1. Transferred out 9,000 units. 2. Started 3,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials $ -0- 45,000 16,200 Labor Manufacturing overhead 18,900

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a 1 Materials 2 Conversion Costs Units transferred out Work in process July 31 3000 ...View the full answer

Accounting Principles

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