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Cerex Company makes ceramic tiles. It has the following information about its process for the period: Beginning inventory: 500 units Started and complete: 2,250 units

Cerex Company makes ceramic tiles. It has the following information about its process for the period:

Beginning inventory: 500 units Started and complete: 2,250 units Ending inventory: 1,500 units, 30% complete Equivalent units of production: $2,800 units

Cerex uses the FIFO method for its inventory.

Calculate the percentage of completion of the beginning inventory.

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