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Question: Assume the following information:
Milling Department Units Percent CompleteMaterials ConversionBeginning work in process inventory 200 40% 30%Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,920 100% 100%Ending work in process inventory 480 70% 40%
Milling Department Materials ConversionCost of beginning work in process inventory $ 10,000 $ 15,000Costs added during the period 290,000 385,000Total cost $ 300,000 $ 400,000
Using the weighted-average method, what is the equivalent units of production for conversion?
Direct labor (per unit) 500 Fixed selling expenses (total) 80,420. Compute the number of carts that need to be sold to earn $500,000 after tax
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Both the Splish Brothers purchase and the Novak sale were in transit at year-end. What amount should Blossom report as its December 31 inventory
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