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If 10,000 units which were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at
If 10,000 units which were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at November 30, the number of conversion equivalent units of production for November was 78,400 (assume no loss of units in production and that inventories were costed by the first-in, first-out method). True False
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