Sanchez & Company produces palnts. On July 1. It had no work-In-process Inventory. It starts production...
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Sanchez & Company produces palnts. On July 1. It had no work-In-process Inventory. It starts production of 105,000 gallons of palnt in July and completes 81,000 gallons. The costs of the resources used by Sanchez In July consist of the following: Haterials $ 272,872 270, 800 conversion costs (labor and overhead) Required: The production supervisor estimates that the ending work-in-process Is 82 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-In-process ending Inventory as of July 31. (Do not round Intermedlate calculations.) Cost of paint transferred to finished goods Work-in-process ending inventory Sanchez & Company produces palnts. On July 1. It had no work-In-process Inventory. It starts production of 105,000 gallons of palnt in July and completes 81,000 gallons. The costs of the resources used by Sanchez In July consist of the following: Haterials $ 272,872 270, 800 conversion costs (labor and overhead) Required: The production supervisor estimates that the ending work-in-process Is 82 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-In-process ending Inventory as of July 31. (Do not round Intermedlate calculations.) Cost of paint transferred to finished goods Work-in-process ending inventory
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Answer Answer Step by Step Explanation Solution Stepil Ending LOYK in rocesS105000 ... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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