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Business, 29.07.2020 21:01 Emorej22

he following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 30% completed 5,000 units Transferred to finished goods during July 40,500 units Ending work in process during July, 40% completed 4,000 units Determine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.

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