Rainbow, Inc. uses a process costing system The company has only one processing department Ending...
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Rainbow, Inc. uses a process costing system The company has only one processing department Ending work m process inventory of 20.000 units carrying a cost of $46,000 These units are 40% compete with respect to materials. The equivalent cost per unit for and conversion costs is $2 00 and S3 00. respectively. With regard to conversion costs what percentage of completion is the ending inventory
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