Processing costing: Cost flows (LO 2)
Fill in the missing data (ignore indirect materials).
Raw Materials WIP - Mixing WIP - Assembly
Inventory
Beginning Balance $ 4,000 $6,000 $10,000
Material purchased 10,000
Direct material used 12,000 10,000 (c)
Conversion costs incurred 8,000 3,000
Completed units transferred 21,000 (d) (e)
Cost of goods sold
Ending balance (a) (b) $3,000
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