Chester LLC uses a process-cost accounting system. They began operations on January 1 of the...
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Accounting
Chester LLC uses a process-cost accounting system. They began operations on January 1 of the current year. Chester incurred conversion cost evenly throughout manufacturing. If they started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:
Multiple Choice
3,000 physical units in production.
2,100 completed units.
900 in-process units.
900 equivalent units of production.
3,000 equivalent units of production.
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