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The Following Data Were Taken from the Accounting Records of Abacus

question 19

Multiple Choice

The following data were taken from the accounting records of Abacus Company which uses the FIFO method in its process costing system: The following data were taken from the accounting records of Abacus Company which uses the FIFO method in its process costing system: The equivalent units are: A) Material,90,000 units;labor and overhead,89,000 units B) Material,100,000 units;labor and overhead,91,000 units C) Material,60,000 units;labor and overhead,53,000 units D) Material,80,000 units;labor and overhead,79,000 units The equivalent units are:

Definitions:

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