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Schnek Company, which uses weighted average process costing, had an equivalent cost per unit for direct materials of $0.75 and for conversion costs of $0.50 during April. There were 20,000 units completed and transferred to finished goods, and 8,000 units in ending work in process inventory that were 100% complete with respect to direct material and 75% complete with respect to conversion costs. What was the amount transferred to finished goods?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92812758

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