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(Standard process costing) HealthySight is a manufacturer of high-quality lenses for sunglasses and ski goggles. HealthySight uses a standard process costing system and carries inventories at standard. In May 2001, the following data were available: Standard Cost of 1 Unit Direct material Conversion Total manufacturing cost Beginning WIP Inventory Started in May Completed in May Ending WIP Inventory $4.50 12.50 $17.00 10,000 units (100% DM; […]

(Standard process costing) HealthySight is a manufacturer of high-quality lenses for sunglasses and ski goggles. HealthySight uses a standard process costing system and carries inventories at standard. In May 2001, the following data were available: Standard Cost of 1 Unit Direct material Conversion Total manufacturing cost Beginning WIP Inventory Started in May Completed in May Ending WIP Inventory $4.50 12.50 $17.00 10,000 units (100% DM; […]

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