Use the Fresh Seasons information from Problem 49, except assume that the company uses a FIFO process

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Use the Fresh Seasons information from Problem 49, except assume that the company uses a FIFO process costing system.

a. How many gallons of dressing ingredients were started in April?

b. What is the total cost of the completed beginning inventory?

c. What is the total cost of goods completed during April?

d. What is the average cost per gallon of all goods completed during April?

e. What is the cost of April’s ending WIP Inventory?

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 24, 2012 03:44 AM

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Use the Fresh Seasons information from Problem 49, except assume that the company uses a FIFO process

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a Gallons transferred out 242000 Gallons in ending WIP 23500 Total gallons to account for 265500 Gal...View the full answer

Cost Accounting Foundations and Evolutions

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