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Question - The colouring is the final process to produce finished goods. Before colouring is the process of shaping. Costs associated to colouring are as follows.
Direct materials from shaping process: 100 units and $1000 in total.
Added materials during colouring: 500 units, $250 in total.
Direct labor of colouring: $150 in total.
Product overheads for colouring: $300 in total.
Required - Determine the costs of output to finished goods?
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