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Cathy Company uses a process-costing system. The ending work-in-process inventory consists of 10,000 units that are 100% complete with respect to materials and 60% complete

Cathy Company uses a process-costing system. The ending work-in-process inventory consists of 10,000 units that are 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for materials and $1.25 for labor and overhead, the cost of the ending work-in-process inventory account is

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