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A company uses a process costing system. During the most recent period there was 2000 units in opening inventory, 10,000 units were entered into production,
A company uses a process costing system. During the most recent period there was 2000 units in opening inventory, 10,000 units were entered into production, and 8000 units were completed and transferred out. The ending inventory was 25% complete with respect to conversion costs.If total conversion costs incurred were $45,000, what is the conversion cost per equivalent unit?
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