materials and $ 7.00 for conversion costs . What is the total cost of the June 30 work in process inventory ?
56 . A process costing system was used for a department that began operations in January 2005 . Approximately the same number of physical units , at the same degree of completion , were in work in process at the end of both January and February . Monthly conversion costs are allocated between ending work in process and units completed . Compared to the FIFO method , would the weighted average method use the same or a greater number of equivalent units to calculate the monthly allocations ?
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