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Farmbeck, Inc. used direct materials of $500,000 and conversion costs of $535,500. Farmbeck started 100,000 units into production during the month, of which 92,000 units were completed. Units remaining in process at month-end were 100% complete with respect to direct materials but only 40% complete with respect to conversion costs. Using process costing, what would be the final balance in Farmbeck’s Work in Process account at the end of the month?
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Farmbeck, Inc. used direct materials of $500,000 and conversion costs of $535,500. Farmbeck started...
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