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Palfax, Inc. manufactures an sunscreen product. Data for June follows: Gallons Materials Conversion Costs Work in process, June 1 100,000 $300,000 $200,000 Gallons Started in
Palfax, Inc. manufactures an sunscreen product. Data for June follows: Gallons Materials Conversion Costs Work in process, June 1 100,000 $300,000 $200,000 Gallons Started in process 1,000,000 Work in process, June 30 50,000 Costs added during the month $2,000,000 $1,600,000 respect The beginning work in process inventory was 30% complete as to materials and 10% with to conversion costs (labor and overhead). The ending work in process inventory was 70% complet as to materials and 50% complete as to conversion costs. Using the FIFO method, what are the equivalent units of production for conversion costs
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