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What is the cost of the product that was completed and

Slurpy produces soft drinks and sodas. Production of 100,000 liters was started in February and 85,000 liters were completed. Material costs were $38,220 for the month while conversion costs were $16,380. There was no beginning work-in-process; the ending work-in-process was 40 percent complete. What is the cost of the product that was completed and transferred to finished goods?

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Accounting Basics: What is the cost of the product that was completed and

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