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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

Q1) Oversites, Inc, uses process costing system. Company's work-in-process inventory account at February 28thconsists of 70,000 units that are 100% complete with respect to materials and 80% complete with respect to conversion costs. If balance in work-in-process inventory account is \$546,000 and cost per equivalent unit for conversion costs is \$6.00, compute the cost per equivalent unit for materials?

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M921446

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