Solution-What does conversion cost consist of

What does conversion cost consist of

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Reference no: EM132661473

Problem 1: What does conversion cost consist of?

a) Manufacturing overhead cost.

b) Direct materials and direct labour cost.

c) Direct labour cost.

d) Direct labour and manufacturing overhead cost.

Problem 2: Mueller Company reports the following data for the year just ended:

Raw materials used in production $ 800000

Direct Labour $ 700000

Total Overhead cost $ 900 000

Ending work in process inventory $ 400000

Cost of goods manufactured $ 2,500,000

What was the beginning work-in-process inventory?

Reference no: EM132661473

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What does conversion cost consist of

Reference no: EM132661473

Reference no: EM132661473

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