Nutella produces a single product - its signature hazelnut spread. Because it mass produces this...
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Accounting
Nutella produces a single product its signature hazelnut spread. Because it mass produces this product in identical batches, the company relies on a weightedaverage process costing method to assign costs to inventory accounts.
Its beginning workinprocess inventory has jars. Each jar was complete with regards to conversion costs and complete with regards to direct materials. These units have $ worth of direct materials and $ worth of conversion costs as of the beginning of the year.
During the year, the company added $ of direct materials and $ of conversion costs to its manufacturing process. It finished jars of Nutella. It ended the year with jars left in process, complete with respect to direct materials and complete with respect to conversion costs.
Required:
What is the total cost of the finished goods from this period?
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