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considering equivalent units for direct materials and conversion costs and their respective equivalent unit cost, what are the gross margin percentages for july and august

considering equivalent units for direct materials and conversion costs and their respective equivalent unit cost, what are the gross margin percentages for july and august 2022?

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Question 3 (10 points) Brain Pty Ltd. manufactures microprocessors in large quantities and sells them for $3 per unit. In July 2022, the total assemblecosts were $2,500 with direct materials and $8,100 with conversion costs. Assume there was no opening stock on 1 July 2022. During July, 5,000 microprocessors were placed into production and all 5,000 microprocessors were fully completed at the end of July. Assume that during August, 5,000 microprocessors were placed into production. Further, assume the same total assembly costs for July are also incurred in August, but only 4,000 microprocessors are fully completed at the end of August. All direct materials had been added to the remaining 1,000 microprocessors. However, on average, these remaining 1,000 microprocessors were 75% incomplete as to conversion costs

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