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Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 7,975 tons in beginning work in process inventory (90% complete) on October
Equivalent Units of Conversion Costs
The Rolling Department of Kraus Steel Company had 7,975 tons in beginning work in process inventory (90% complete) on October 1. During October, 72,500 tons were completed. The ending work in process inventory on October 31 was 5,075 tons (40% complete).
What are the total equivalent units for conversion costs? Round to the nearest whole unit.
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Equivalent unit are notional whole units which represe...
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