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Beginning inventory, 12,000 partially complete gallons. Transferred out, 63,000 gallons. Ending inventory (materials are 20 percent complete; conversion costs are 10 percent complete). Started this
Beginning inventory, 12,000 partially complete gallons. | |||
Transferred out, 63,000 gallons. | |||
Ending inventory (materials are 20 percent complete; conversion costs are 10 percent complete). | |||
Started this month, 72,000 gallons.
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