Fiber Tech uses process costing to calculate the cost of manufacturing "Widgets." Beginning work in process included 4,000 units that were 60 percent complete. During the month 22,000 units were completed, 4,500 units remained in work in process at two-fifths complete. Using the average cost method, the equivalent units are:
a. 25,200
b. 23,800
c. 23,400
d. 21,000
b
Business
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A. product packaging requirements B. demand volatility C. product price D. product quality
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A) contra account to Uncollectible Accounts Expense. B) expense. C) liability. D) contra account to Accounts Receivable.
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