The ledger of custer company has the following work in, Ask an Expert

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The ledger of Custer Company has the following work in process account. Work in Processâ??Painting 5/1 Balance 3,860 5/31 Transferred out ? 5/31 Materials 5,960 5/31 Labor 3,490 5/31 Overhead 1,610 5/31 Balance ? Production records show that there were 470 units in the beginning inventory, 30% complete, 1,510 units started, and 1,460 units transferred out. The beginning work in process had materials cost of $3,100 and conversion costs of $760. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

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Category:- Accounting Basics
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