The following is an account for a production department, showing its costs for one month: Inventory of
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The following is an account for a production department, showing its costs for one month: |
Inventory of Goods in Process | ||||
Balance | 6,300 | |||
Direct materials | 22,500 | |||
Direct labour | 17,100 | |||
General expenses | 11,700 | |||
Assume that materials are added at the beginning of the production process and that direct labor and overhead are applied evenly. If units in ending work-in-process inventory cost $5,490, and units started and completed cost $42,750, what was the cost to complete the units in beginning work-in-process inventory? |
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