=+EX 20-8 Costs per equivalent unit obj. 2

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a. 2. Conversion cost per equivalent unit, $0.70 Kellogg Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on October 1 for the Packing Department included 900 pounds of cereal in the packing machine hopper. In addition, there were 600 empty 24-oz. boxes