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Process cost system

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A company uses a process cost system. The following data applies to January 2001.

Beginning work in process 5,000
Started during the period 50,000
Ending work in process 2,000
The ending work in process inventory is 90% complete. The total number of equivalent units for January was:

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Solution Summary

Solution describes how to calculate number of equivalent units.

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Units completed and transferred out during month =Units in beginning work in process + units started during the period - Units in ending work ...

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