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Assume a company's beginning work in process consists of 20,000 units, 40% complete. Materials are added at the beginning of the process. During the month, 90,000 units are transferred in. The ending work in process consists of 10,000 units, 50% complete.
Using the weighted average method, the equivalent units of production for the month are:
Transferred In Materials Conversion Costs
Simplification
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Terms in an algebraic expression that have the same variable factors and thus can be combined or simplified.
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Mathematical Expression
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