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Hot Handle Company ("HH") manufactures non-stick frying pans. HH uses process costing and weighted average...

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Accounting

Hot Handle Company ("HH") manufactures non-stick frying pans. HH uses process costing and weighted average costing to account for product costs. The manufacturing process takes place in two sequential departments. Frying pans completed in Moulding Department during a certain calendar month are transferred to Assembly Department to be attached with the handle and packaging, in the following month. The cost data relating to April and May 2020:

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CoursHeroTranscribedText: Moulding Assembly Department Department (April 2020) (May 2020) Direct material incurred $134,000 $156,000 Conversion costs incurred $228,000 $306,000 Beginning WIP $0 DM $2,000 CC $1,000 Transferred in $2,000 Ending WIP $0 $

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