What would be the effect on the unit cost of finished goods if an estimate of the stage of completion of work in process was too high?

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What would be the effect on the unit cost of finished goods if an estimate of the stage of completion of work in process was too high?




Answered Same DayDec 22, 2021

Answer To: What would be the effect on the unit cost of finished goods if an estimate of the stage of...

David answered on Dec 22 2021
128 Votes
What would be the effect on the unit cost of finished goods if an estimate of the
stage of complet
ion of work in process was too high?
Solution
If the estimate of the stage of completion of work in process is too high, then the units of
the equivalent production would be overstated. As a...
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