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Required information [The following information applies to the questions displayed below.] The Matsui Lubricants plant...

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Accounting

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Required information [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the FIFO 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. ompute the cost of goods transferred out and the ending inventory using the FIFO method. (Do not round termediate calculations.)

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