During August, the drilling department of Arenal Inc. completed and transferred out 190,000 units. At the end

Question:

During August, the drilling department of Arenal Inc. completed and transferred out 190,000 units. At the end of August, there were 42,700 units in process, 70% complete. Arenal incurred manufacturing costs totaling $1,759,120.

Required:

1. Calculate the unit cost.

2. Calculate the cost of goods transferred out and the cost of EWIP.

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Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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Question Posted: Jun 14, 2017 07:24 AM

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During August, the drilling department of Arenal Inc. completed and transferred out 190,000 units. At the end

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Managerial Accounting The Cornerstone of Business Decision Making

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