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Medina Corp

question 102

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Medina Corp.uses the weighted average method for inventory costs and had the following information available for the year.Equivalent units of production for the year are:
Beginning inventory of goods in process (40% complete,$1,100) ………..200 units
Ending inventory of goods in process (80% complete) ……….. 400 units
Total units started during the year……………… 3,200 units


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