The Pro Company had no beginning inventory. Cost of production this month: Material $1,000 Conversio
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The Pro Company had no beginning inventory.
Cost of production this month:
Material $1,000
Conversion $2,600
Total $3,600
Completed units this month: 300
Partially completed units in the ending inventory: 100
Required:
What is the cost of the completed units?
What is the cost of the ending inventory?
Assume now that the units in the ending inventory are 60% complete.
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