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Khulafu Company adds materials in the beginning of the process in the Forming Department, which is the first of two stages of its production cycle. Information concerning the materials used in the Forming Department in October is as follows:
Units Materials Costs
Work in process, October 1 6,000 PHP3,000
Units started 50,000 PHP25,560
Units completed and transferred out 44,000
Question 1: Using the average cost method, what was the materials cost of work in process at October 31?
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