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Calculate the cost of goods transferred out and cost of ewip

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During August, the drilling department of Arenal Inc. completed and transferred out 190,000 units. At the end of August, there were 42,700 units in process, 70% complete. Arenal incurred manufacturing costs totaling $1,759,120.

Question 1: Calculate the unit cost.

Question 2: Calculate the cost of goods transferred out and the cost of EWIP.

Reference no: EM132520386

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