Required 1 Complete Problem 5 33 using the FIFO method
1. Complete Problem 5- 33 using the FIFO method of process costing. 2. If you did Problem 5- 33, explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the mixing department under the weighted- average method and the FIFO method. Should CBC’s managers choose the weighted- average method or the FIFO method? Explain briefly.
Problem 5-33
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