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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Units to be assigned costs

Eve Cosmetics Company consists of two departments. Blending and Filling. The Filling Department received 50,000 ounces from the Blending Department. During the period, the Filling Department completed 46,000 ounces, including 4,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 8,000 ounces. How many ounces were started and completed during the period?

To determine

Process costs

It is a method of cost accounting, which is used where the production is continuous, and the product needs various processes to complete. This method is used to ascertain the cost of the product at each process or stage of production.

To Calculate: started and completed (ounces) during the month July of Company EC.

Explanation

Calculate started and completed (ounces) during the month July of Company EC as shown below:

Units started and completed during the month) =(Units received from blending department Ending work in process inventory<

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