1. Using the FIFO process-costing method, do the requirements of Exercise 4.23. The transferred- in costs from...

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1. Using the FIFO process-costing method, do the requirements of Exercise 4.23. The transferred- in costs from the Forming Department for the April opening work in progress are €17520. During April, the costs transferred in are €103566. All other data are unchanged.

2. Explain any difference between the cost of work completed and transferred out and cost of closing work in progress in the Finishing Department under the weighted-average method and the FIFO method.

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Management and Cost Accounting

ISBN: 978-1405888202

4th edition

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster

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