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Production cost report

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Fundamental managerial accounting concepts. Fifth Edition. Edmonds.

Process costing system.
(Please see data attached).

a. Prepare a cost of production report for the compression department
b. Prepare a cost of production report for the finishing department
c. If 20,000 units are sold in June for $210,000 determine the company's gross margin

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Solution Summary

The solution explains how to prepare a production cost report and calculate the gross margin.

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