Refer to M3-6 for information regarding Cliff Company. Using the FIFO method, calculate Cliffs cost per equivalent
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Beginning work in process
Direct materials .... $ 68,000
Conversion cost .... 124,000
December costs
Direct materials .... 136,000
Conversion cost .... 210,000
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ISBN: 978-0078025518
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Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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