Slocum Corporation manufactures in separate processes refrigerators and freezers for homes. In each process, materials are entered

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Slocum Corporation manufactures in separate processes refrigerators and freezers for homes. In each process, materials are entered at the beginning and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

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Instructions(a) For each plant:(1) Compute the physical units of production.(2) Compute equivalent units of production for materials and for conversion costs.(3) Determine the unit costs of production.(4) Show the assignment of costs to units transferred out and in process.(b) Prepare the production cost report for Plant A for June2010.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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