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Beginning inventory for the month contained 3,000 units that were 80% complete with respect to materials. During the month, 48,000 units were completed and transferred
Beginning inventory for the month contained 3,000 units that were 80% complete with respect to materials. During the month, 48,000 units were completed and transferred out. Ending inventory contained 5,000 units, 30% complete with respect to materials. The FIFO equivalent units of production for materials for the month would be
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