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Assume only conversion costs are being considered in this situation. On July 1, the finishing department had Work in Process inventory of 6,600 units which were 50% complete and had a value of $82,472. During July, costs of $787,760 were incurred in the finishing department and 31,500 units were transferred into the department. At the end of the month, the 5,000 units in ending inventory were 20% complete. How many units were transferred out of the department in July?
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Beginning work in process inventory= 6,600
Transferred into the …
