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Penny Inc. uses process costing. All direct materials are added at the beginning of the process. Information about Julys activities is as follows: On July 31: Ending inventories 1,600 units, 40% complete Using the FIFO method, the number of units started and completed in July was a.15,000 b.14,250 c.15,740 d.13,400.

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Penny Inc. uses process costing. All direct materials are added at the beginning of the process. Information about Julys activities is as follows: On July 31: Ending inventories 1,600 units, 40% complete Using the FIFO method, the number of units started and completed in July was a.15,000 b.14,250 c.15,740 d.13,400

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  • 1. Penny Inc. uses process costing. All direct materials are added at the beginning of the process. Information about Julys activities is as follows: On July 31: Ending inventories 1,600 units, 40% complete Using the FIFO method, the number of units started and completed in July was a.15,000 b.14,250 c.15,740 d.13,400