I need some managerial accounting help from the Financial and Managerial Accounting for MBAs, 5E...
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I need some managerial accounting help from the Financial and Managerial Accounting for MBAs, 5E textbook Easton, Halsey, McAnally, Hartgraves, Morse.
For chapter 19, I cant figure out mini exercise 15.
Process Costing Clarke Manufacturing Company makes a single product that is produced on a continuous basis in one department. All materials are added at the beginning of production. The total cost per equivalent unit in process in March was $6.00, consisting of $4.80 for materials and $1.40 for conversion. During the month, 9,000 units of product were transferred to finished goods inventory; on March 31, 3,500 units were in process, 10 percent converted The company uses weighted average costing. (a) Determine the cost of goods transferred to finished goods inventory $ 0 (b) Determine the cost of the ending work-in-process inventory $ 0 (c) What was the total cost of the beginning work-in-process inventory plus the current manufacturing costs
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