Refer to the data in Exercises 8-31 and 8-33. Compute the cost of goods transferred out and
Question:
Refer to the data in Exercises 8-31 and 8-33. Compute the cost of goods transferred out and the ending inventory using the FIFO method.
Data From Exercise 8-31:
The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:
Quantity information is obtained from the manufacturing records and includes the following:
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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