Question: Using the average cost method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production,

Using the average cost method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion.

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