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Know how to calculate ending balance of goods in process inventory, given beginning goods in...

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Accounting

Know how to calculate ending balance of goods in process inventory, given beginning goods in process, direct materials cost, direct labor cost, overhead rate, and cost of finished goods inventory.

Know how to calculate weighted average equivalent units of production given beginning work in process inventory units and completion percentage, beginning units completed and started during the current period, units finished and remaining (and completion percentage).

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