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The ledger of Custer Company has the following work in process account.
Production records show that there were 550 units in the beginning inventory, 30% complete, 1,430 units started, and 1,580 units transferred out. The beginning work in process had materials cost of $2,760 and conversion costs of $1,720. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
(a) How many units are in process at May 31?
(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)
(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)
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This spike is during the "crazy" months of January, February, and March, when many companies are rushing to get out their annual reports and marketing materials. Liu obtains the following budgeted data for 2008: (see attached)
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How would inflating the percentage completion of ending Work-in-Process Inventory help Pines and Lopez get their bonus?
innova companys overhead rate was based on estimates of 1082400 for overhead costs and 98400 direct labor hours.
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