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QS 16-6A Fifo units of production for conversion using the FIFO method

Use the following information for the Quick Study below. [The following information applies to the questions displayed below)
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Answer #1
Units % Conversion EUP
Beginning work in process inventory - units 160,000 10% 16,000
Units started and completed 205,000 (365,000-160,000) 100% 205,000
Ending work in process - Units 130,000 30% 39,000
Total 495,000 260,000
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