Question: Standard costing method Ozumo s Gardening makes several

Standard-costing method. Ozumo’s Gardening makes several different kinds of mulch. Its busy period is in the summer months. In August, the controller suddenly quit due to a stress-related disorder He took with him the standard costing results for RoseBark, Ozumo’s highest quality mulch. The controller had already completed the assignment of costs to finished goods and work in process, but Ozumo does not know standard costs or the completion levels of inventory. The following information is available:

1. Completion percentages of beginning work in process with respect to the two inputs
2. Completion percentages of ending work in process with respect to the two inputs
3. Standard costs per unit for the two inputs
4. Cost of beginning work in processinventory

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  • CreatedJune 21, 2011
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