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Walter manufactures a silicone paste wax that goes through three processing departments: cracking, blending, and packing. All raw materials are introduced at the start of work in the cracking department, with conversion costs being incurred uniformly in each department. The Work-in-Process T-account for the cracking department for July is:
Work in process inventory (cracking department)balance, july 1 (35,000 ilbs, 4/5 done) $63,700Direct materials (280,000 lbs) $397,600Conversion costs $189,700balance, july 31 (45,000 lbs. 2/3 done) ???costs transferred to blending Dept ???The beginning balance inventory consists of $43,400 in materials cost. Brady uses the first-in, first-out (FIFO) method to account for its operations.
Required: (use 4 decimal places for computations):
(a) What would be the Cracking Department inventory balance on July 31?(b) What would be the cost transferred to the Blending Dept. in July?
what could it cost the fezas to launder?show your detailed culculation
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