Johny & Johny Ltd produces a product called XYZ. Production begins with the blending of...
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Johny & Johny Ltd produces a product called XYZ. Production begins with the blending of various additives, which are added at the start of the production process. Bottling occurs when the mixture reaches the 90% stage of completion. Conversion cost is incurred evenly throughout manufacturing. Manufacturing overhead is applied at 50% of the direct labour cost. An examination of the companys work in process inventory account for April revealed the following selected information:
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