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Business, 22.04.2020 03:45 Raewolf25

Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). Started this month, 59,500 units. Transferred out, 50,600 units. Ending inventory, 18,600 units (materials are 100 percent complete; conversion costs are 17 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO.

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