were $3,152,480 for the m
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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MegaRock produces quick setting concrete mix. Production of 205,880 tons was started in April, 194,080 tons were completed. Material costs were $3,152,480 for the month while conversion costs were $593,400. There was no beginning work-in-process; the ending work-in-process was 70% complete. What is the cost of the product that was completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.)
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