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An error was made in determining the stage of completion related to ending inventory in a process costing system. Production thought the ending inventory was
An error was made in determining the stage of completion related to ending inventory in a process costing system. Production thought the ending inventory was 60% complete but it was actually only 50% complete. How did this error affect the cost per equivalent unit of production for the period?
a. The cost per unit was understated.
b. Need more information
c. The error would not affect the cost per unit.
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