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(TCO B) Loxham Corporation uses the weighted-average method in its process costing system. Data concerning...

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Accounting

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(TCO B) Loxham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below Work in process, beginning: Units in beginning work in process inventory 400 Materials costs $6,900 Conversion costs S2,500 Percent complete for materials Percent complete for conversiorn Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month 80% 15% 6,000 5,400 $112 500 $210.300

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