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Problem - A company had 2,000 units of work-ln-process beginning inventory that were 100% complete for materials and 40% complete for conversion cost. During the period 30,000 units were started and 27,000 were completed. The ending work-In-process units are 50% complete for materials and 60% complete for conversion. Beginning work-In-process costs were $15,000 for materials and $24,000 for conversion cost. Current costs added equal $220,000 for materials and $832,200 for conversion. Calculate the total cost assigned to units completed from beginning Inventory.
How to Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round answers to two decimal places.
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2020 there is a special order for 500 units for P45 selling price. Should the company accept the special order, and why? What could be the implications?
Create a formal schedule of the Cost of Goods Manufactured. Work-in-process inventory was $22,000 at January 1 and $15,500 at December 31.
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