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Question: During June, Birch Bay company's department B equivalent unit product costs computed under the average cost method were as follows: Materuals: $2 Conversion: $3 Transferred in: $5 Materials are introduced at the end of process in department B. There were 4,000 units (60% complete as to conversion costs) in work in process at June 30. The total costs assigned at June 30 work in process inventory should be: - $20,000 - $24,800 - $27,200 - $35,200

Question: During June, Birch Bay company's department B equivalent unit product costs computed under the average cost method were as follows: Materuals: $2 Conversion: $3 Transferred in: $5 Materials are introduced at the end of process in department B. There were 4,000 units (60% complete as to conversion costs) in work in process at June 30. The total costs assigned at June 30 work in process inventory should be: - $20,000 - $24,800 - $27,200 - $35,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question: During June, Birch Bay company's department B equivalent unit product costs computed under the average cost method were as follows: Materuals: $2 Conversion: $3 Transferred in: $5 Materials are introduced at the end of process in department B. There were 4,000 units (60% complete as to conversion costs) in work in process at June 30. The total costs assigned at June 30 work in process inventory should be: - $20,000 - $24,800 - $27,200 - $35,200
Transcribed Image Text:Question: During June, Birch Bay company's department B equivalent unit product costs computed under the average cost method were as follows: Materuals: $2 Conversion: $3 Transferred in: $5 Materials are introduced at the end of process in department B. There were 4,000 units (60% complete as to conversion costs) in work in process at June 30. The total costs assigned at June 30 work in process inventory should be: - $20,000 - $24,800 - $27,200 - $35,200
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