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CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information...

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Accounting

CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Percentage Completed Units Materials Conversion Work in process, beginning 39,000 75 % 20 % Started into production 516,000 Completed and transferred out 477,000 Work in process, ending 78,000 40 % 25 % Materials Conversion Work in process, beginning $ 17,000 $ 26,500 Cost added during June $ 456,000 $ 130,000 Required: Assume that the company uses the FIFO method. 1. Determine

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