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Question - Pacific Ink had beginning work-in-process inventory of $1,145,890 on October 1. Of this amount, $486,200 was the cost of direct materials and $659,690 was the cost of conversion. The 67,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 140,000 units were transferred out and 49,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,818,400 for direct materials and $4,505,850 for conversion.
Required - Compute the costs of goods transferred out and the ending inventory using the weighted-average method.
Using the Contribution Margin Financial Statement, what is the break-even number in sales dollars for this company? The income statement for last year
Applied conversion costs totalled P900,000. This included P231,000 of direct labor. Compute the amount of direct labor to be back-flushed
Prepare an entry to allocate over- or underapplied overhead to Work in Process.
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questionat the starting of 2014 ace company estimated the subsequent costs to produce one unit of product 5 pounds of
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