Star Inc,manufactures a Product That Passes Through Two Processes: Mixing and and Packaging.All

question 146

Essay

Star Inc.,manufactures a product that passes through two processes: mixing and packaging.All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for June follows:
During June,100,000 units were completed and transferred to packaging.
The following costs were incurred by the mixing department during June:
At June 30,8,000 units that were 70 percent complete remained in the mixing department.
Use the weighted average method,and round unit costs to two decimal places.
Required:

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Definitions:

Economic

Pertaining to the production, distribution, and use of income, wealth, and commodities.

Domestically

Pertaining to activities or production within a country's own borders, as opposed to internationally.

Trade Barriers

Measures imposed by governments to regulate or limit international trade, including tariffs, quotas, and import bans.

Economic Growth

An increase in a country's output of goods and services, typically measured by GDP, over time.