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Medina Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is Beginning inventory of goods in process (40% complete, $2,100)300 units Ending inventory of goods in process (80% complete)500 units Total units started during the year4,200 units

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165465

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