Refer to the data in exercise 4-14 . Assume beginning inventory is 20 percent complete with respect
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Refer to the data in exercise 4-14
. Assume beginning inventory is 20 percent complete with respect to materials and 15 percent complete with respect to conversion costs.
a. Compute the equivalent units for materials using FIFO.
b. Compute the equivalent units for conversion costs using FIFO.
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