Pinto Products makes suspension components for a large car manufacturer. In its Assembly Department for...

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Accounting

Pinto Products makes suspension components for a large car manufacturer. In its Assembly Department for the month of September, the following information about its suspension systems is available:

Percent complete
# of units Materials Conversion
WIP, Sep 1 5,000 65% 30%
Started into production 65,000
WIP, Sep 30 3,000 35% 25%

Calculate the equivalent units of production for conversion costs using the FIFO method.

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