Solution-Prepare the cost report for june

Prepare the cost report for june

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Reference no: EM132986997

Corp. Alcanza adds the materials early in its production process and adds them evenly to the conversion costs. At the beginning of June 20xx, inventory in process was 25% complete; at the end of the month it was 75% complete.

Other important information is disclosed below:

Initial inventory of goods in process 1,500 units

Units started during period 3,400 units

Units completed during the period 3,850 units

Conversion costs $ 290,000

Direct materials used $ 750,000

Starting inventory costs

Materials $ 170,000

Conversion $ 130,000

Required:

Problem 1. Prepare the cost report for June 20xx.

Reference no: EM132986997

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Prepare the cost report for june

Reference no: EM132986997

Reference no: EM132986997

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