Hatteburg Company uses the weighted-average method in its pr
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3. Hatteburg Company uses the weighted-average method in its process costing system. The following data about one of its processing department were taken from the company's accounting records: The department's ending work in process inventory consisted of 36,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for November was $11.00 for materials and $17.00 for labor and overhead.
What was the total cost assigned to the ending work in process inventory in this department?
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Solution Summary
Hatteburg Company uses the weighted-average method in its process costing system. The following data about one of its processing department were taken from the company's accounting records: The department's ending work in process inventory consisted of 36,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for November was $11.00 for materials and $17.00 for labor and overhead.
What was the total cost assigned to the ending work in process inventory in this department?
Purchase this Solution
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