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Return to question Terra Energy Company refines a variety of petrochemical products. The following data are from the firms L
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Answer #1

Units Completed = Beginning work in process + Units started - Closing work in process

= 1,860,000 + 825,000 - 265,000

= 2,420,000

Equivalent units for conversion = Units completed + (Closing Work in process X Completed %)

= 2,420,000 + (265,000 X 80%)

= 2,632,000 units

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