The Inventory at June 1 and Costs Charged to Work

question 60

Essay

The inventory at June 1 and costs charged to Work in Process - Department 60 during June are as follows:
During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 85% completed. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process.
Determine the following, presenting your computations (Prepare your computations using unit cost data to four decimal places, i.e. $4.4444, to minimize rounding differences):

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities that occurs as a person progresses from infancy through adulthood.

Occupational Choices

The selection of a profession or career path based on personal interests, values, and the perceived suitability or rewards of the profession.

Visual Problems

refer to any conditions or issues related to the eyes that impair the ability to see normally.

Auditory Problem

Any difficulty or disorder related to hearing, including processing sounds or understanding speech.