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Business, 06.10.2019 10:01 IkarosSakurai

If a department that applies fifo process costing starts the reporting period with 50,000 physical units that were 25% complete with respect to direct materials and 40% complete with respect to conversion, it must add 12,500 equivalent units of direct materials and 20,000 equivalent units to direct labor to complete them. true or false?

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