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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion
Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: |
Materials | Conversion | |
Equivalent units of production in ending work in process | 750 | 440 |
Cost per equivalent unit | $32.24 | $7.95 |
A total of 2,000 units were completed and transferred to the next processing department during the period.
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