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2. From the following information provided by Alfa Manufacturing Ltd, prepare a statement of equivalent units and also, Discuss the concept of equivalent units

2. From the following information provided by Alfa Manufacturing Ltd, prepare a statement of equivalent units and also, Discuss the concept of equivalent units Particulars Opening stock of inventory (10 Marks) Quantity 500 (60 percent complete) Units introduced during the year Closing inventory of stock (completion percentage, 40% complete) 10000 200

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