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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David · Accepted Answer

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? 
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.

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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