Refer to the information for Roland Corp given below; Prepare the journal entry to transfer the cost
Question:
Roland's ending work in process is 100 percent complete for materials and 30 percent complete for conversion. Roland uses the weighted-average costing method and has computed direct materials cost per equivalent unit of $10 and conversion cost per equivalent unit of $24. Determine the cost assigned to units transferred out and to ending work in process.
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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