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emma.locke16 emma.locke16
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5 years ago
Shining Star Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities:

Beginning work in process inventory3,000 items, 1/3 complete
Units placed in production12,000 units
Units completed9,000 units
Ending work in process inventory6,000 items, 2/5 complete

Cost of beginning work in process$2,500
Direct material costs, current$9,000
Conversion costs, current$8,320

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required:
Prepare a production cost worksheet using the FIFO method.
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stillfastillfa
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5 years ago
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emma.locke16 Author
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#2
5 years ago
You're an excellent tutor!
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