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Addresses a work-in-process valuation reductiona firm has

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Addresses a work-in-process valuation reduction

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, what is the reduction in work-in-process value?

Reference no: EM13368151

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