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In applying the first-in, first-out method of costing inventories, if 8,000 units which were 30% completed are in process at june 1, 28,000 units were completed during june, and 4,000 units were 75% completed at june 30, the number of equivalent units of production for june was 33,400.
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In applying the first-in, first-out method of costing inventories, if 8,000 units which were 30% com...
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