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The Cutting Department of Hong Manufacturing has the following production and cost data for July. Instructions(a) Determine the equivalent units

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The Cutting Department of Hong Manufacturing has the following production and cost data for July.

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Instructions(a) Determine the equivalent units of production for (1) Materials and (2) Conversion costs.(b) Compute unit costs and prepare a cost reconciliation schedule.

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Production 1. Transferred out 9,000 units. 2. Started 3,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials $ -0- 45,000 16,200 Labor Manufacturing overhead 18,900

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a 1 Materials 2 Conversion Costs Units transferred out Work in process July 31 3 …View the full answer


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Accounting Principles

Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Details
Chapter # 21
Section: Exercises
Problem: 6
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Question Posted: October 28, 2011 06:17:51
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