Prepare a cost production report using fifo


units in beginning inventory (20% materials, 40% conversion cost 1,200
Units transferred out 3,000
Units ending inventory 1,000

Beginning inventory added days period
materials 5,550 30,690
direct labor 2,400 16,932
Factory over head 3,600 25,398

required: Prepare a cost production report using fifo and weighted average.

 

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Accounting Basics: Prepare a cost production report using fifo
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