Data concerning the recent periods activity in the prep, Ask an Expert

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Data concerning the recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appears below:

Materials Conversion
Equivalent units of production in end 440 485
Cost per equivalent unit $31.55 $10.82

A total of 1,145 units were completed and transferred to the next processing department during the period.Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.

Ending work in process inventory.
Units completed and transferred out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978528

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