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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Can you explain the costs assigned to units transferred to finished goods during October and costs assigned to ending work-in process inventory on October 31?: 500 units in the beginning work in process inventory that were 60% complete. • Beginning work in process had $1600 of materials cost and $1,200 of conversion costs. • Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. • During October, 1,000 units were completed and transferred to the finished goods inventory and there were 200 units that were 25% complete in the ending work in process inventory on October 31. • During October, manufacturing costs charged to the department were: Materials $38,600; Conversion costs $81,600.
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