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A company uses the FIFO method for inventory costing. At the beginning of the period, it reported the following data: UnitsCoversation Percent CompleteBeginning work in

A company uses the FIFO method for inventory costing. At the beginning of the period, it reported the following data: UnitsCoversation Percent CompleteBeginning work in process inventory25,50040%Units started this period178,000 Units completed and transferred out176,000 Ending work in process inventory27,50070%The production department data related to conversion costs follows: Costs of beginning work in process$ 110,000Costs added this period737,825Multiple Choice$4.19.

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