Examlex
Tomlinson Company has the following production data for May:
Beginning work in process, 0 units
Units started, 62,000
Ending work in process, 7,000 units that are 100% complete for materials and 60% complete for conversion costs
Unit materials cost, $5
Unit conversion cost, $10
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.
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