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Hawk Ltd.uses process costing in its Fabricating Department.At the beginning of October, it had 12,000 units in beginning work-in-process that were 40% complete with respect to conversion.During October it put 87,000 units into production and completed 89,000 good units.At October 31, there were 3,000 units in ending work-in-process that were 70% complete with respect to conversion.Direct materials are added at the beginning of the process.Inspection occurs at the end of the process and normal spoilage is 6% of good output.Costs related to the beginning inventory were $36,800 for direct materials and $28,600 for conversion costs.During the month, the company issued $280,000 of direct materials and incurred $599,400 of conversion costs.
-Assuming Hawk uses the weighted average method for process costing, the total cost of goods completed and transferred to finished goods is
Excoriation
A skin condition characterized by the repeated picking at one's own skin, often leading to sores and scars.
Compulsive Behavior
Repetitive, often ritualistic actions that an individual feels driven to perform, usually as a response to obsessive thoughts or to reduce anxiety.
OCD-Related Disorders
A category of mental health disorders characterized by obsessions (unwanted, persistent thoughts) and compulsions (repetitive behaviors or mental acts) that significantly interfere with daily living.
Social Phobia
Social phobia is an anxiety disorder characterized by an intense fear of social situations and being judged or negatively evaluated by others.
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