Assume that the average cost method is being used. An error was made in the current period's

Question:

Assume that the average cost method is being used. An error was made in the current period's work in process inventory in a department:

The ending inventory stage of completion was substantially overstated.

a. What would be the effect of this error on the number of equivalent units of production?

b. What would be the effect on the cost of goods transferred out during the period?

c. That would be the effect on cost of goods completed and transferred out of the department in the following period?

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