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All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period (round unit cost calculations to four decimal places) is A $211,200 (B) $120,060 $190,275 $20,934

All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period (round unit cost calculations to four decimal places) is A $211,200 (B) $120,060 $190,275 $20,934

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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LAI M Department G had 3.600 units 25% completed at the beginning of the period, 11.000 units were completed during the period: 3,000 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period Costs added during period: Direct materials (10,400 units at $8) Direct labor Factory overhead $40,000 83.200 63,000 25,000
Transcribed Image Text:LAI M Department G had 3.600 units 25% completed at the beginning of the period, 11.000 units were completed during the period: 3,000 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period Costs added during period: Direct materials (10,400 units at $8) Direct labor Factory overhead $40,000 83.200 63,000 25,000
I All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period (round unit cost calculations to four decimal places) is A $211,200 B) $120,060 $190,275 (D) $20,934
Transcribed Image Text:I All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period (round unit cost calculations to four decimal places) is A $211,200 B) $120,060 $190,275 (D) $20,934
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