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Problem 1: Jonas Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 40,000 units were started, and 50% complete at month's end. Total costs were $10,000 for material and $20,000 for conversion. The cost per equivalent unit of conversion is _____________.
a) $0.48
b) $1.00
c) $2.00 d) none of these
e) $0.5
Financial Statement Analysis and Preparation
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