Use FIFO do a production report with this information: Production data: units in...
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Accounting
Use FIFO
do a production report with this information:
Production data:
units in process, July 1 (materials 100% complete; conversion 30% complete) 10,000
Units started into production 170,000
Units in process, July 31 (materials 100% complete; conversion 40% complete) 20,000
Cost Data:
Work in process inventory, July 1:
Materials cost $8,500
Conversion cost $4,900
Cost Added during the month:
Materials cost $139,400
Conversion cost $244,200
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