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Question
Lipinski Company completed and transferred 90,000 units during the current period. Based on the following information, determine the cost of the goods completed during the current reporting period and journalize the transfer.
| Direct Materials | Direct Labor/OH | |
| Costs of Beginning goods in process: | $576,000 | $400,000 |
| Costs incurred this period | 2,400,000 | 5,120,000 |
| Equivalent units of production | 96,000 | 92,000 |
Answer
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Related questions
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