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    Cost Management Strategies

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    Nader Paints makes an environmentally sound paint. The following data are available for the month of April:

    Percentage
    Units Complete Costs
    Beginning WIP inventory, April ............................ 11,000
    Direct materials................................................ 75% $ 3,200
    Conversion costs ............................................ 70 1,450
    Units started in April ............................................ 6,000

    Costs incurred in April:
    Direct materials................................................ 16,000
    Conversion costs ............................................ 15,800
    Ending WIP inventory .......................................... 3,000
    Direct materials................................................ 80
    Conversion costs ............................................ 60
    Spoilage .............................................................. 200
    Direct materials................................................ 100
    Conversion costs ............................................ 100

    Required
    a. Prepare a production cost report using weighted-average costing.
    b. Show the flow of costs through the WIP Inventory T-account.

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    This file contains the answers cost management strategies for business decisions.

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