[Get Answer ]-Cost Accounting 9
Need all work shown so i understand how to do this.
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Kali Manufacturing Inc. began the year with the following.
Transferred to finished goods
Materials added at the beginning of the process
Calculate the equivalent units for
- material costs under the weighted average process cost method;
- conversion costs under the weighted average process cost method;
- material costs under the FIFO process cost method; and
- conversion costs under the FIFO process cost method.
Glass Company manufactures a product through a continuous single-stepprocess. All materials are added at the beginning of processing.Production and cost data for the company for the current month are asfollows.
In process, beginning of month (20% converted)
Started during current month
Completed and transferred to finished goods
In process, end of month (60% converted)
Work in process, beginning
Production Costs Added
-Direct labor cost
-Factory overhead cost
Prepare a cost of production report for current month. Use Weighted-Ave process costing.
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