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Use the Following Information for the Next 4 Questions

question 81

Multiple Choice

Use the following information for the next 4 questions.
Kelly, Inc. uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at the 75% point and units failing inspection are returned to the 40% point. During the current period, 50,000 units were started; 62,000 units inspected; and 52,000 units completed. Direct material is added at the 50% point and conversion costs occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete. Costs per equivalent unit for material were $1.00 and $3.00 for conversion costs.
-The cost of the goods completed was


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Share Power

The distribution of authority and decision-making among members of a group or community.

Problem-Solving Methods

Techniques and processes implemented to identify, analyze, and solve problems effectively.

Group Co-Leadership

A leadership approach where two or more individuals share the responsibility and authority for leading a group, typically used to distribute leadership roles and enhance group dynamics.

Co-Leadership

A leadership approach where two or more individuals share responsibility for directing and managing a group or project.

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