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ABC company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, 3/5 complete with respect to direct labor and

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ABC company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, 3/5 complete with respect to direct labor and overhead. Cost of beginning inventory is labor $200,000 and overhead is $300,000. The department started 137,000 units this period. The ending inventory consists of 60,000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $440,000 and overhead costs of $520,000 for the period. Assume Weighted Average method to determine the conversion cost per equivalent unit. $8.57 per EU $4.64 per EU O $10.28 per EU O $7.00 per EU O $3.92 per EU

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