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The Following Amounts Were Selected from the Production Report of Doggie

question 82

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The following amounts were selected from the production report of Doggie Donuts Corporation: Actual units in production 55,000
Equivalent units (materials) 55,000
Equivalent units (conversion) 45,000
Cost per equivalent unit (materials) $1.50
Cost per equivalent unit (conversion) $1.10
Doggie Donuts uses the weighted average costing method in preparing its production reports. What must Doggie Donuts' total production cost to be accounted for have been?

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Definitions:

Productions

The process of creating, manufacturing, or organizing goods and services.

Industrial Design Act

Legislation that provides protection for the visual design of objects that are not purely utilitarian, covering the creation, usage, and safeguarding of such designs.

Trademarks Act

Legislation that governs the registration, protection, and use of trademarks to identify and distinguish goods and services.

Copyright Act

Legislation that grants creators of original works exclusive rights to their use and distribution, typically for a limited time.

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