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1. In which type of environments is process costing more applicable than job order costing? 2. How do we treat the transferred-in costs? What does

1. In which type of environments is process costing more applicable than job order costing?

2. How do we treat the transferred-in costs? What does it mean when it states "equivalent units of production are materials 20,000 and conversion costs 19,000"? What are conversion costs?

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