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Process Costing with Spoilage : A company uses process costing for its production process. During the month, 10,000 units are started, 8,000 are completed, and
Process Costing with Spoilage: A company uses process costing for its production process. During the month, 10,000 units are started, 8,000 are completed, and 1,000 are still in process with a degree of completion of 80%. The total costs incurred during the month are $150,000. Calculate the equivalent units of production for direct materials and conversion costs, considering the spoilage.
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