THE IVAM DEPARTMENT TRANSFERRED 6,000 UNITS TO THE FINISHED GOODS STOREROOM FOR A MONTH. THERE WAS NO BEGINNING WORK IN PROCESS INVENTORY, BUT 800 UNITS WERE STILL IN PROCESS AT THE END OF THE MONTH AND WERE 70% COMPLETE, AND PRODUCTION COSTS INCURRED TOTALED $21,320. INVENTORY COSTS WOULD BE DETERMINED USING A UNIT COST OF $

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...
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THE IVAM DEPARTMENT TRANSFERRED 6,000 UNITS TO THE
FINISHED GOODS STOREROOM FOR A MONTH. THERE WAS
NO BEGINNING WORK IN PROCESS INVENTORY, BUT 800
UNITS WERE STILL IN PROCESS AT THE END OF THE MONTH
AND WERE 70% COMPLETE, AND PRODUCTION COSTS
INCURRED TOTALED $21,320. INVENTORY COSTS WOULD BE
DETERMINED USING A UNIT COST OF $
Transcribed Image Text:THE IVAM DEPARTMENT TRANSFERRED 6,000 UNITS TO THE FINISHED GOODS STOREROOM FOR A MONTH. THERE WAS NO BEGINNING WORK IN PROCESS INVENTORY, BUT 800 UNITS WERE STILL IN PROCESS AT THE END OF THE MONTH AND WERE 70% COMPLETE, AND PRODUCTION COSTS INCURRED TOTALED $21,320. INVENTORY COSTS WOULD BE DETERMINED USING A UNIT COST OF $
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