February.   Direct Materials Conversion Costs BWIP physical units (Feb 1) 100 100 BWIP percent completion 100% 40% BWIP cost (in dollars) $50,000 $44,000 Units completed in February 5,400 5,400 EWIP physical units (Feb 28) 75 75 EWIP percent completion 100% 50% How much is the total cost of units completed and transferred out for February?

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Q: How much is the adjustment to the Cost of Sales account to set up its correct balance?

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.