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Rutgers University Operations And Supply Chain Management Assignment Help - process inventory


Question - Waller Inc. uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in the beginning work in process inventory 600 Materials costs $ 4,200 Conversion costs $ 7,800 Percent complete with respect to materials 55% Percent complete with respect to conversion 30% Units started into production during the month 9,900 Units transferred to the next dept during the month 8,900 Materials costs added during the month $108,400 Conversion costs added during the month $364,700 Ending work in process inventory: Units in ending work in process inventory 1,600 Percent complete with respect to materials 60% Perc ...Read More

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