Can calculations be shown within the required instructions, thank you. ABC Company manufactures...
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Can calculations be shown within the required instructions, thank you.
ABC Company manufactures concrete by a series of four processes. All materials are introduced in Crushing. From Crushing, the materials pass through Sifting, Baking and Mixing, emerging as finished concrete. All inventories are costed by the FIFO method. The balances in the accounts Work in Process - Mixing and Finished Goods were as follows on May 1: The following costs were charged to Work in Process - Mixing during May: | Direct materials transferred from Baking: During May, 16,000 units of concrete were completed, and 15, 800 units were sold. Inventories on May 31 were as follows: Work in Process - Mixing: 1, 200 units, 1/2 completed Finished Goods: 2,000units Prepare a cost production report for the Mixing Department. Determine the cost of goods sold (indicate number of units and units cost). Determine the finished goods inventory, May 31
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