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manalelkhoshkhany

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  • Process Costing?

    1. The following is an account for a production department, showing its costs for one month:

    Goods in Process Inventory

    Balance: 5,400

    Direct Materials 21,600

    Direct Labor 16,200

    Overhead 10,800

    Assuming that materials are added at the beginning of the production process and that direct labor and overhead are applied uniformly. If the units in ending goods in process inventory costs $4,590 and the started and completed unit costs $41,850, what was the cost of completing the units in the beginning goods in process inventory?

    1 AnswerSmall Business1 decade ago