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Kramer company started its production operations on August 1st. During August, the printing Department completed 17,600 units. There were 4,400 units in ending inventory which were 80% complete with respect to materials and 10% complete with respect to conversion cost. during August, the department accumulated materials cost of 45408 and conversion cost of 76,6700. Required:

a) Calculate the cost of the goods transferred out.
b) What is the value of the ending inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92724732

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