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The following production data were taken from the records of the Finishing Department for June: Inventory in process, 6-1, 1/3 completed 466 units Transferred to finished goods during June 4,895 units Equivalent units of production during June 5,251 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986074

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