Cost Accounting Quiz
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COST ACCUMULATION SYSTEMS
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The Sanding Department of a furniture manufacturer uses operation costing. Direct materials are added in a prior department. In June, conversion costs of $44,000 were incurred. The department completed and transferred out 10,000 units. A total of 2,000 units remained in ending work-in-process, 50% complete with respect to conversion costs. There was no beginning work-in-process inventory.
What is the total conversion cost assigned to the units in the Sanding Department's ending work-in-process inventory?
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