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Required information [The following information applies to the questions displayed below.] The T. L. Lin Company manufactures a variety of natural fabrics for the clothing
Required information [The following information applies to the questions displayed below.] The T. L. Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan (CNY) pertain to the month of October. 01:39:54 Work-in-Process Inventory, October 1 Direct materials: 60% complete Conversion: 30% complete Costs incurred during October Direct materials Conversion {:[40","000" units "],[55","090" yuan "],[69","805" yuan "],[826","190" yuan "],[778","595" yuan "]:} During October, 200,000 units were completed and transferred out. At the end of the month, 20,000 units (direct materials 80% and conversion 50% complete) remain in Work-in-Process Inventory. Required: Calculat
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