mbelengcebo1 mbelengcebo1

24-09-2022
Business

Answered

Lee Company began making lipstick in October 2007 using a single-step process. Lee incurred R42 000 for materials and R48 640 for conversion during the month. There were 21 000 cases of lipstick started in October and 3 000 cases of unfinished

(40 percent complete) at the end of the period. All materials were added at the beginning of the production process.

What is the unit cost for materials for Lee using the FIFO method?

Answer :

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