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Kronk, Incorporated provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion
Kronk, Incorporated provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 10 percent complete). Started this month, 68,000 units. Transferred out, 65,000 units. Ending inventory, 32,500 units (materials are 100 percent complete; conversion costs are 60 percent complete). Required: Compute the equivalent units for materials using the weighted-average method. Compute the equivalent u
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