Oriole Company has the following production data for March 2022: no beginning work in process, units...
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Oriole Company has the following production data for March 2022: no beginning work in process, units started and completed 33,000, and ending work in process 5,500 units that are 100% complete for materials and 40% complete for conversion costs. Oriole uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $9, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $509,300. Completed and transferred out Ending work in process Oriole Company has the following production data for March 2022: no beginning work in process, units started and completed 33,000, and ending work in process 5,500 units that are 100% complete for materials and 40% complete for conversion costs. Oriole uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $9, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $509,300. Completed and transferred out Ending work in process
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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