Problem 4. Stillwater Corporation The following information is available for Stillwater Corporation for the current year

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Problem 4 Stillwater Corporation The Following Information Is Available For Stillwater Corporation For The Current Year 1 (55.85 KiB) Viewed 36 times

Problem 4. Stillwater Corporation The following information is available for Stillwater Corporation for the current year: Beginning Work in Process Costs of Beginning Work in Process: (75% complete for CC) 14,500 units Material $25,785 Started 75,000 units Conversion 49,955 Ending Work in Process Current Costs: (60% complete) 16,000 units Material $120,400 Normal spoilage 5,000 units Conversion 299,151 Abnormal spoilage 2,500 units Transferred out 66,000 units All materials are added at the start of production. Spoilage is found at the end of the process and is considered continuous. Prepare the cost of production report using WA or FIFO method. Indicate the method on form