How to prepare a cost of production report, using fifo
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How to prepare a cost of production report, using fifo
Assuming this is for process costing, that is just way too complicated and involved for someone to just try to explain on a forum like this.
Best I can do is give you a couple of links, which may or may not be more useful than your textbook:
Principles of Accounting Chapter 20
Cost of Production Report-FIFO Method
Personally I think the first is easier to follow.
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