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Global Motors Corp. manufactures automobiles. The company uses a process costing system. During the month, 5,000 units were completed and transferred out. Beginning work in
Global Motors Corp. manufactures automobiles. The company uses a process costing system. During the month, 5,000 units were completed and transferred out. Beginning work in process inventory costs were $15,000, and ending work in process inventory costs were $10,000. Calculate the cost per equivalent unit and the cost of goods manufactured.
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