The Finshing Department of Gandarpark company has the following production and cost data for July: 1....
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The Finshing Department of Gandarpark company has the following production and cost data for July: 1. completed and transferred out,8000 units 2.Ending work in process inventory,2000 units that are 45% complete as to conversion costs 3. Material added, $30,000; conversion costs incurred, $17,600 Materials are following and show in good accounting format in a cost of production report: (a)equivalent units of production for materials and conversion costs for the month of July; (b)unit cost of materials and conversion costs, as well as the total u unit cost; (c)cost reconciliation schedule. The Finshing Department of Gandarpark company has the following production and cost data for July: 1. completed and transferred out,8000 units 2.Ending work in process inventory,2000 units that are 45% complete as to conversion costs 3. Material added, $30,000; conversion costs incurred, $17,600 Materials are following and show in good accounting format in a cost of production report: (a)equivalent units of production for materials and conversion costs for the month of July; (b)unit cost of materials and conversion costs, as well as the total u unit cost; (c)cost reconciliation schedule.
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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