Solution-What is the cost of product that remains in

What is the cost of product that remains in work-in-process

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Problem 1: MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in April, 190,000 tons were completed. Material costs were $3,152,000 for the month while conversion costs were $591,000. There was no beginning work-in-process; the ending work-in-process was 70% complete. What is the cost of the product that remains in work-in-process?

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What is the cost of product that remains in work-in-process

Reference no: EM132836780

Reference no: EM132836780

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