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Stoltenberg Co. had the following information for the month of June: 14 Work in process beginning inventory, June 1 Units transferred in Work in process
Stoltenberg Co. had the following information for the month of June: 14 Work in process beginning inventory, June 1 Units transferred in Work in process ending inventory, June 30 2,000 units 16,000 units 4,000 units points Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process The equivalent units for transferred-in costs under the FIFO method are calculated to be: Multiple Choice 14 14,000. points 10,000 16,000 12,000
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