Material costs of $1,200,000 and conversion costs of $1,530,000 were charged to a processing department in September.
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Material costs of $1,200,000 and conversion costs of $1,530,000 were charged to a processing department in September. Materials are added at the beginning of the process, while conversion costs are incurred evenly throughout the process. There were no units at the start of work in progress, 20,000 units went into production in September and there were 5,000 units at the end of work in process that were 40% complete at the end of September.
What was the total amount of manufacturing costs allocated to those units that were completed and transferred out of process in September?
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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