Production information shows these costs and units for the smoothing department in August. All materials are added

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Production information shows these costs and units for the smoothing department in August.

All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month?

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Principles Of Accounting Volume 2 Managerial Accounting

ISBN: 9780357364802

1st Edition

Authors: OpenStax

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Question Posted: Jul 21, 2023 11:29 PM

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Production information shows these costs and units for the smoothing department in August. All materials are added

Question:

Work in process Beginning balance: materials Beginning balance: conversion Materials Labor Overhead Cost $ 1,550 2,500 7,441 14,520 7,930 Beginning units Transferred in Transferred out Units 650 1,780 1,810

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Principles Of Accounting Volume 2 Managerial Accounting

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