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How do I find ending inventory in process costing
Beginning inventory consisted of 12,000 units with a direct materials cost of $54,200. The equivalent work represented by all direct materials cost in the WIP account amounted to 69000 units. Ending inventory had 20,000 units and were 30 percent complete with respect to materials. The ending inventory had a $19500 direct materials cost assigned. What was the total materials cost incurred this period?
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