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True or False? Columbia Corporation adds all materials at the beginning of production and incurs conversion cost evenly throughout manufacturing. The company completed 50,000 units

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Columbia Corporation adds all materials at the beginning of production and incurs conversion cost evenly throughout manufacturing. The company completed 50,000 units during the year and had 15,000 units in process at December 31, 30% complete with respect to conversion cost. Equivalent units for the year total for materials, 65,000; and for conversion, 54,500.

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