Solution-Determine costs to be assigned to the units

Determine costs to be assigned to the units transferred out

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Reference no: EM132509571

Hannah Company has the following data available about its November production, its first month of production:

1.48,100 units started and completed, and 10,700 units in ending work in process that are 100% complete for materials and 75% complete for conversion costs.2.It uses the FIFO method to calculate equivalent units.3.Unit materials cost is $16 and unit conversion cost is $26. The total costs to be assigned are $2,400,050.

Question 1: Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Costs assigned as follows:

Completed and transferred out $

Work in process, ending

Materials

Conversion

Total Cost

Reference no: EM132509571

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Determine costs to be assigned to the units transferred out

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Reference no: EM132509571

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