Computation of the percentage-of-completion

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An error was made in the computation of the percentage-of-completion of the current year's ending work-in-process inventory. The error resulted in assigning a higher percentage-of-completion to each component of the inventory than actually was the case. What is the resultant effect of this error on:

Reference no: EM13142861

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Computation of the percentage-of-completion : An error was made in the computation of the percentage-of-completion of the current year's ending work-in-process inventory. The error resulted in assigning a higher percentage-of-completion to each component of the inventory than actually was the..
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