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A company uses the weighted average method of process costing. For a given period, it estimates a cost per equivalent unit of $2.50. If the

A company uses the weighted average method of process costing. For a given period, it estimates a cost per equivalent unit of $2.50. If the company has 500,000 units in ending balance of Work-in-process that are 60% completed, the costs in ending balance of Work-in-process equal

$500,000

$750,000

$1,250,000

$1,050,000

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