During the month of April, the molding department of Patterson Foundry completed and transferred out 28,000 units.
Question:
During the month of April, the molding department of Patterson Foundry completed and transferred out 28,000 units. At the end of April, there were 10,000 units in process, 60 percent complete. Paterson incurred manufacturing costs totaling $408,000.
Required:
1. Calculate the unit cost.
2. Calculate the cost of goods transferred out and the cost of EWIP.
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1 Equivalent Units Units completed 28000 EWIP 060 10000 6000 E...View the full answer
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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