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Corrigan, Inc. overstated the percentage of work completed with respect to conversion cost on the ending work-in-process inventory. What is the effect of this overstatement on conversion-cost equivalent units and physical units manufactured, respectively? a. None, overstated. b. Overstated, overstated. c. None, none. d. Overstated, none. e. Overstated, understated.
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Corrigan, Inc. overstated the percentage of work completed with respect to conversion cost on the en...
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