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(Solved) (Latest ver. Aug 2020) - Montoya Manufacturing: Widgets

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In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000.

1)How many total equivalent units were completed during the year?
2)What is the cost per equivalent unit?


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