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Seal Company began operations this month mass-producing pull and seal envelopes. During the month of...

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Accounting

Seal Company began operations this month mass-producing pull and seal envelopes. During the month of June they completed 20,000 units and have 10,000 units that are 50% complete. They had products costs for the month of $300,000.

a. Calculate the equivalent units

b. Assign costs to the various inventories

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