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Kiner Company transfers out 14,000 units and has 2,000 units of ending work process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process. Assuming unit materials costs of $3 and unit conversion costs of $6, what are the costs to be assigned to the units (a) transferred out and (b) in ending work in process?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973622

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