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All direct materials are added at the beginning of production, and conversion costs are applied evenly during production.
All direct materials are added at the beginning of production, and conversion costs are applied evenly during production. Wolfpack Company uses weighted-average process costing for the product it manufactures. The December 31 adjustment to work-in-process inventory (WIP) is calculated as over- or underapplied manufacturing overhead multiplied by which of the following? ACC 312 The following data apply to the past month: Physical units in beginning inventory (30% complete as to conversion costs) Physical units transferred to finished goods inventory Physical units in ending inventory (60% complete as to conversion costs) How many physical units did Wolfpack start into production during the past month? Wahoo Inc. Has fixed costs per unit of $20 when the company produces 25,000 units. At the same level of production, total variable costs are $200,000. What is the total cost when Wahoo produces 50,000 units?