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Unformatted text preview: cost of $315,228 during the year. Department 3 ended the year with 11,000 units in WIP ending inventory. These units were 40% complete. Required: Assume that conversion costs are incurred evenly and materials are added in department 3 when units are 60% complete. Determine the: Cost of goods completed (and transferred out): $720,092 . (SEE ATTACHED SCHEDULE FOR WORK) Cost of ending WIP: $40,898 . (SEE ATTACHED SCHEDULE FOR WORK) Pg. 2 of 2...
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This note was uploaded on 04/07/2008 for the course ACCT 130 taught by Professor Hartman during the Fall '07 term at University of Iowa.
- Fall '07
- Cost Accounting