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Morty Industries, which uses a process - costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following
Morty Industries, which uses a processcosting system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following information was taken from the company's accounting records:
Total equivalent units of materials:
Total equivalent units of conversion:
Units started and completed during the period:
On the basis of this information, the ending workinprocess inventory's stage of completion is:
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