Business, 05.05.2020 18:34, yialefi

Crane Company has the following production data for March: no beginning work in process, units started and completed 25,000, and ending work in process 3,000 units that are 100% complete for materials and 40% complete for conversion costs. Crane uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $10. The total costs to be assigned are $374,000, prepare the cost section of the production cost report for Crane Company using the FIFO approach. CRANE COMPANY

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Crane Company has the following production data for March: no beginning work in process, units start...