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Determine the value of closing inventory

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Question - In the operations of plastic toy manufacturer, the cost per equivalent unit is calculated as 1.60. The equivalent units of output are 50,000. The closing inventory (stock) is 40% complete. Determine the value of closing inventory (stock)?

a. 6,400

b 9,600

c. 16,000

d. 80,000

Reference no: EM133016290

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