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Weighty Steel processes a single type of steel. For the current period the following information is given: All materials are added at the middle of

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Weighty Steel processes a single type of steel. For the current period the following information is given: All materials are added at the middle of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes. Required: Compute the cost of units completed and the ending WIP for: a. FIFO inventory assumption b. Weighted average inventory assumption

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