FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In the beginning inventory, 5,000
units were 40% complete with
regard to materials. During this
period 40,000 units were
transferred
out.
Ending
inventory consisted of 7,000 units
that were 70% complete with
respect to materials. How many
units were started and completed
during the period?
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Transcribed Image Text:In the beginning inventory, 5,000 units were 40% complete with regard to materials. During this period 40,000 units were transferred out. Ending inventory consisted of 7,000 units that were 70% complete with respect to materials. How many units were started and completed during the period?
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