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If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
a. true
b. false
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If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed d...
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