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Use the following data from a company using a process costing system to answer the question below. Beginning Work in Process Inventory on June 1:
Use the following data from a company using a process costing system to answer the question below. Beginning Work in Process Inventory on June 1: 1,000 units100 % complete as to direct materials 80 % complete as to conversion costs Units Started During June: 6,500 units Ending Work in Process Inventory on June 30: 1,200 units100 % complete as to direct materials 40 % complete as to conversion costs The FIFO process costing method is used by the company. Equivalent units for conversion costs during the month totaled
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