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Art Company produces baseball bats and cricket paddles. It has two departments that process all products Cutting Department and Finishing Department.
In Finishing Department, direct materials direct materials are added at the start of the process and conversion costs Conversion cost are added evenly during the process. Company is using Weighted Average method for the Finishing Department.
During July, beginning work in process in the Finishing Department was 80% complete as to conversion. Beginning inventories included $30,800 for transferred-in costs, $13,200 for direct materials, and $27,500 for conversion costs. Ending inventory was 30% complete as to CC. Additional information about the Finishing Department follows:
|
Finishing |
Beginning work-in-process units |
26,400 |
Units transferred in this period |
74,800 |
Units completed & transferred out |
79,200 |
Ending work-in-process units |
22,000 |
|
|
Material costs added |
$37,400 |
Conversion costs |
$75,460 |
Transferred-in costs |
$141,240 |
What is equivalent units for transferred-in cost, direct materials, and conversion cost?
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