Question: Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The

Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 41,800 units during the period and had 18,600 units in progress at year-end, the latter at the 50% stage of completion. Total material costs amounted to $238,000; conversion costs were $423,000.

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