Question: Crone Corporation uses the FIFO method in its process costing system. The following data concern the company's Assembly Department for the month of August. Cost
Crone Corporation uses the FIFO method in its process costing system. The following data concern the company's Assembly
Department for the month of August.
Cost in beginning work in process inventory
$
Units started and completed this month
Required:
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during August using
the FIFO method.
Note: Round final answers to the nearest whole dollar amount.
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