Accounting · Process Costing
A company operates a process in which no losses are incurred. There was no opening work-in-progress. Costs arising during the month were $624,000. Finished output was 10,000 units valued at $480,000, and closing work-in-progress was 4,000 units valued at $144,000. If the closing work-in-progress was completed to the same degree for all elements of cost, what was its percentage degree of completion?
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