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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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In process, Nov. Stage of completion Exercise 6: Coat of Production Report - Even Application of Costa given en its August, 19H production: Quantity data: In process, August 1 8,000 units, 14 done 70,000 units 12,000 units, 23 done Placed in proces In process, August 31 Cost data: In process, August 1 Factory costs: Materials Labor Factory overhead Required: P 1,110 23,760 15,840 12,240 a Cost of production report supported by the schedule of equivalent production b. T-account for work in process.
Transcribed Image Text:In process, Nov. Stage of completion Exercise 6: Coat of Production Report - Even Application of Costa given en its August, 19H production: Quantity data: In process, August 1 8,000 units, 14 done 70,000 units 12,000 units, 23 done Placed in proces In process, August 31 Cost data: In process, August 1 Factory costs: Materials Labor Factory overhead Required: P 1,110 23,760 15,840 12,240 a Cost of production report supported by the schedule of equivalent production b. T-account for work in process.
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