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Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 38,800 partially complete gallons. Transferred out, 209,300 gallons. Ending inventory (materials
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
Beginning inventory, 38,800 partially complete gallons.
Transferred out, 209,300 gallons.
Ending inventory (materials are 20 percent complete; conversion costs are 9 percent complete).
Started this month, 242,300 gallons.
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