1)Let's pretend we are making glasses of water.Basically, our materials consist of water and the glasses.The conversion...
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Question:
1)Let's pretend we are making glasses of water.Basically, our materials consist of water and the glasses.The conversion is pouring.Got it?Great.
Let's also assume that for the period, my materials cost $100 and the conversion costs were $300.
I start with no inventory.We manufacture - POUR - 100 glasses of water.
What's the cost of a glass of water?What is the Cost Goods Manufacturing (total) for the period?
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