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Author Question: Shining Star Company uses an automated process to clean and polish its souvenir items. For March, ... (Read 31 times)

mcmcdaniel

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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 with regards to conversion costs
Units placed in production12,000 units
Units completed9,000 units
Ending work in process inventory6,000 items, 2/5 complete with regards to conversion costs
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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Marked as best answer by mcmcdaniel on Mar 6, 2021

DHRUVSHAH

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mcmcdaniel

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Reply 2 on: Mar 6, 2021
:D TYSM


softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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