Use the information below to answer the following question(s) .Plastic Molding, Inc.'s costing system utilizes two cost categories; direct materials and conversion costs.Each product must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of production.Conversion costs are allocated evenly throughout production.Data for the Assembly Department for March are:
-How many units were completed and transferred out of the Assembly Department during March?
Definitions:
Time Value
The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.
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