Question: UJ Lyuld Aurantium, Inc. uses a process costing system. The following operating and cost data occurred during October (10 Points) October 1, Inventory: d e
UJ Lyuld Aurantium, Inc. uses a process costing system. The following operating and cost data occurred during October (10 Points) October 1, Inventory: d e las October 31, Inventory: 30,000 units 100% complete for materials ($60,000) and 50% complete for direct labor ($7,500) and overhead ($15,000) 20,000 units 100% complete for materials and 30% complete for direct labor and overhead 40,000 units Direct materials........... Direct labor......................... Overhead.. Units started during Oct.: October production costs: $110,100 28,900 57,800 Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly throughout e process. Prepare the October process cost summary using weighted average method of inventory costing
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