Solution-Compute the cost of paint transferred to finished

Compute the cost of paint transferred to finished goods

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Reference no: EM132658514

Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 108,000 gallons of paint in July and completes 87,000 gallons. The costs of the resources used by Sanchez in July consist of the following:

Materials $ 297,826

Conversion costs (labor and overhead) 272,900

Required:

Problem 1: The production supervisor estimates that the ending work-in-process is 89 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 intermediate calculations.)

Reference no: EM132658514

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Compute the cost of paint transferred to finished goods

Reference no: EM132658514

Reference no: EM132658514

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