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The lumbar Chair Company manufacturers a standar recliner. During February, yhe firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials are addeed at the beginning of the production cycle. Weighted-average costing is used by Lumbar.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967345

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