Austin Co Manufactures a Product Called Aster in a Three-Process Series

question 95

Short Answer

Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at the beginning of the first process. Austin uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of December follow:
Prepare Austin's Department A cost of production report for December .

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