Manhattan, Inc

question 36

Essay

Manhattan, Inc., uses a weighted-average process-costing system. All materials are introduced at the beginning of production; conversion cost is incurred evenly throughout manufacturing. The following information pertains to April:
The company's accountant has already computed the cost per equivalent unit, as follows: materials, $5; conversion, $14.
Required:
Calculate the cost of goods completed during April and the cost of the ending work-in-process inventory.

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Definitions:

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