Assignment of costs to transferred out units and ending work in process given beginning of process and period production costs.
The Blending Department of Hancock Company has the following cost and production data for the month of April.
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Costs:
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Work in process, April 1
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Direct materials: 100% complete
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$115,000
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Conversion costs: 20% complete
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80,500
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Cost of work in process, April 1
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$195,500
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