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The cost of materials transferred into the Rolling Department of Matco Steel Company is $540,300 from the Casting Department. The conversion cost for the period in the Rolling Department is $108,700. The total cost transferred to Finished Goods for the period was $657,700. The Rolling Department had a beginning inventory of $22,700.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9948102

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