The cutting department of Chan Manufacturing has the following production and cost data for August....
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The cutting department of Chan Manufacturing has the following production and cost data for August. Production Costs 1. Started and completed 7,860 units. Beginning work in process $0 2. Started 1,460 units that are 40% completed at August 31. Materials 37,280 Labour 14,230 Manufacturing overhead 2,658 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Chan Manufacturing uses the FIFO method to calculate equivalent units. Materials Conversion costs Total costs assigned Unit costs Costs to Be Assigned Total mfg.costs Assignment of Costs Equivalent Units Unit Cost Transferred out Started and completed Work in process, 8/31 Materials $ Conversion costs $
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