The madden company uses a process costing system during

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The Madden Company uses a process costing system. During September the mixing department transferred out 65,000 units. The September 30th work-in-process inventory in the mixing department consisted of 22,000 equivalent units of material and 20,150 equivalent units of labor and overhead. The cost per equivalent unit was $5.50 for materials and $5.00 for labor and overhead. The total balance in the work-in-process inventory account on September 30th was.

Reference no: EM13577539

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