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What is the unit materials cost for march

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Reference no: EM131566684

Problem - The ledger of Hasgrove Company has the following work in process account.

3/1Balance 3,680

3/31Materials 6,600

3/31Labor 2,400

3/31Overhead 1,150

Production records show that there were 800 units in the beginning inventory, 30% complete, 1,100 units started, and 1,500 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Hasgrove uses the FIFO method to compute equivalent units. Answer and solve these 4 questions

  • What is the unit materials cost for March?
  • What is the total cost of units started in February and completed in March?
  • What is the total cost of units started and finished in March?
  • What is the cost of the March 31 inventory?

Reference no: EM131566684

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