Question: A company has no beginning work-in-process. During the year, the company starts and completes 1,000 units and has 100 units in ending inventory that are

A company has no beginning work-in-process. During the year, the company starts and completes 1,000 units and has 100 units in ending inventory that are 60 percent complete. The costs related to this product during the period are £10,000.

How many equivalent units were produced during the period? What was the average cost per equivalent unit?

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