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Accounting

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Question 4 of 6 > 0.5 / 3 The ledger of Hasgrove Company has the following work in process account. Work in Process-Painting 3/1 Balance 3,740 3/31 Transferred out ? 3/31 Materials 6,720 3/31 Labor 2,800 3/31 Overhead 850 3/31 Balance ? Production records show that there were 800 units in the beginning inventory, 30% complete, 1,200 units started, and 1,500 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Hasgrove uses the FIFO method to compute equivalent units. Answer the following questions. (a) Your answer is correct. How many units are in process at March 31? Work in process, March 31 500 units Question 4 of 6 0.5/3 (a) Your answer is correct How many units are in process at March 31? Work in process, March 31 500 units cTextbook and Media Attempts: 3 of 5 used (b) X Your answer is incorrect. What is the unit materials cost for March? (Round unit cost to 2 decimal places, eg. 2.25.) The unit materials cost for March $ Touthool Modi Question 4 of 6

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