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Beginning inventory amounted to 800 units. This period, 4,900 units were started and completed. At the end of the period, the 2,900 units in inventory
Beginning inventory amounted to 800 units. This period, 4,900 units were started and completed. At the end of the period, the 2,900 units in inventory were 30 percent complete. Using FIFO costing, the equivalent production for the period was 6,010 units. What was the percentage of completion of the beginning inventory?
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