Question: A company uses the FIFO method for inventory costing. At the beginning of the period, it reported the following data: Coversation Units Percent Complete
A company uses the FIFO method for inventory costing. At the beginning of the period, it reported the following data: Coversation Units Percent Complete Beginning work in process inventory 20,500 40% Units started this period 168,000 Units completed and transferred out 166,000 Ending work in process inventory 22,500 70% The production department data related to conversion costs follows: Costs of beginning work in process $ 100,000 Costs added this period 727,825 Multiple Choice $4.39. $4.59. $4.55. $4.19. $4.77.
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