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Question;Exercise 16-3;The ledger of Custer Company has the following work in process account.Work in Process?Painting5/1Balance3,960 5/31Transferred out?5/31Materials6,1105/31Labor4,5305/31Overhead2,2605/31Balance?Production records show that there were 540 units in the beginning inventory, 30% complete, 1,540 units started, and 1,460 units transferred out. The beginning work in process had materials cost of $2,260 and conversion costs of $1,700. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.Warning Don't show me this message again for the assignmentOk Cancel (a), (b) and (c);(a) How many units are in process at May 31?Work in process, May 31 units(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)The unit materials cost for May$(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)The unit conversion cost for May$

 

Paper#38971 | Written in 18-Jul-2015

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