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Analyze the process costing system used by Ford Motor Company in its manufacturing plants. Last year, one of Ford's plants incurred total costs of $5,000,000.
Analyze the process costing system used by Ford Motor Company in its manufacturing plants. Last year, one of Ford's plants incurred total costs of $5,000,000. During the same period, the plant started with 10,000 units in process and completed 9,000 units. Calculate the cost per unit for the completed units, considering the beginning and ending work-in-process inventories.
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