In February, Parsons, Inc. completed 12,000 units; 3,000 units still in process were 40% complete with respect
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In February, Parsons, Inc. completed 12,000 units; 3,000 units still in process were 40% complete with respect to materials and conversion.
Required
a. How many equivalent units were in Parsons’s ending Work in Process Inventory?
b. How many equivalent units will be used to calculate the cost per equivalent unit?
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