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Question
Kramer Company started its production operations on August 1. During August, the Printing Department completed 17,600 units. There were 4,400 units in ending inventory that were 80% complete with respect to materials and 10% complete with respect to conversion costs. During August, the department had accumulated materials costs of $45,408 and conversion costs of $76,670.
a. Compute the cost of the goods transferred out.
b. Determine the value of the Printing Department’s ending inventory in process.
Answer
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