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Show me the steps to solve A company manufactures a liquid product called Crystal. The...

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Question

Accounting

Show me the steps to solve A company manufactures a liquid product called Crystal. The basic ingredients are put Department 2
Unit output for month:
Finished and transferred
Equivalent units of work in process
Total
a. Unit cost for month:
Materials
Labor
Factory overhead
Total
b. Cost of units finished and transferred:
Cost in Dept. 1*
Cost in Dept. 2
Total
c. Cost of work in process, end of month:
Cost in Dept. 1
Cost in Dept. 2:
Materials
Labor
Factory overhead
Total
?* Calculation of adjusted unit cost:
Cost of units transferred from Dept. 1
Units transferred from Dept. 1
Units added
New quantity
into process in Department 1. In Department 2, other materials are added that increase
the number of units being processed by 50%. The factory has only two departments.
Calculate the following for each department: (a) unit cost for the month for materials,
labor, and factory overhead, (b) cost of the units transferred, and (c) cost of the ending
work in process.
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