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Question - A firm uses a process-costing system and inspects its goods at the end of manufacturing. The inspection as of June 30 revealed the following information for the month of June:
Good units completed 25,000
Normal spoilage (units) 65
Abnormal spoilage (units) 2,000
Unit costs were: materials, $12.00 and conversion costs, $9.50. Find the number of units that the firm would transfer to its finished goods inventory and the related cost of these units?
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