Consider the following scenario: 1/12 Inventory raw material 150 units @ $ 15.00 = $2,250 6/12...

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Consider the following scenario: 1/12 Inventory raw material 150 units @ $ 15.00 = $2,250 6/12 Received 150 units @ $15.50 = $2,325 10/12 Issued to factory 180 units 21/12 Received 150 units @ $15.60 = $2,340 23/12 Issued to factory 160 units Using the perpetual inventory recording system and FIFO costing method, the value of the materials issued to production (work in progress) for the period is: Using the perpetual inventory recording system and weighted average costing method, the value of the materials issued to production (work in progress) for the period is: Consider the following scenario: 1/12 Inventory raw material 150 units @ $ 15.00 = $2,250 6/12 Received 150 units @ $15.50 = $2,325 10/12 Issued to factory 180 units 21/12 Received 150 units @ $15.60 = $2,340 23/12 Issued to factory 160 units Using the perpetual inventory recording system and FIFO costing method, the value of the materials issued to production (work in progress) for the period is: Using the perpetual inventory recording system and weighted average costing method, the value of the materials issued to production (work in progress) for the period is:

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FIFO Costing Method 1 Calculate Remaining Inventory after each transaction 612 150 units 1550 2325 1... View the full answer