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Mora Company has the following production data for March: no beginning work in process, 28,600 units...

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Accounting

Mora Company has the following production data for March: nobeginning work in process, 28,600 units started and completed, and4,700 units in ending work in process that are 100% complete formaterials and 40% complete for conversion costs. Mora uses the FIFOmethod to calculate equivalent units. Unit materials cost is $6 andunit conversion cost is $12. The total costs to be assigned are$565,560. Prepare the cost section of the production cost reportfor Mora Company.

Answer & Explanation Solved by verified expert
3.8 Ratings (421 Votes)
Cost section would include the Cost allocated to Ending WIp and units completedThe calculation is shown below Cost of Units started completed this period EUP Cost per EUP Total Cost    See Answer
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Mora Company has the following production data for March: nobeginning work in process, 28,600 units started and completed, and4,700 units in ending work in process that are 100% complete formaterials and 40% complete for conversion costs. Mora uses the FIFOmethod to calculate equivalent units. Unit materials cost is $6 andunit conversion cost is $12. The total costs to be assigned are$565,560. Prepare the cost section of the production cost reportfor Mora Company.

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