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Title: Maxire Shoes manufactures shoes. All direct materials are included at the inception of the productio Post by: jerico on Mar 14, 2015 Maxire Shoes manufactures shoes. All direct materials are included at the inception of the production process. For March, there were 2,800 units in beginning inventory with a direct material cost of $1,400. Direct materials totaled $35,000 for the month. Work-in-process records revealed that 70,000 units were started in March and that 60,000 were finished. Normal spoilage of 2% of units finished was incurred. Ending work-in-process units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete. Endicott uses the weighted-average method.
Required: a. What are the direct materials costs assigned to completed good units? b. What are the direct material amounts allocated to the work-in-process ending inventory? Title: Re: Maxire Shoes manufactures shoes. All direct materials are included at the inception of the produ Post by: cyborg on Mar 15, 2015 Content hidden
Title: Re: Maxire Shoes manufactures shoes. All direct materials are included at the inception of the productio Post by: jerico on Mar 23, 2015 Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
Title: Re: Maxire Shoes manufactures shoes. All direct materials are included at the inception of the productio Post by: cyborg on Mar 23, 2015 ;D
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