Formula of cost of ending iventory using fifo method

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Ending WIP using FIFO method [ 0 Answers ]

Problem: Information for the current month for Process D is shown below: Direct Mat'ls Conversion Costs Beginning WIP Inventory $6400 $9600 Current month's cost 31,740 51,100 Equivalent units based on FIFO Costing method 69000 70000 Direct materials are added at the...

FIFO cost method from the weighted-average cost method [ 4 Answers ]

On December 31, 2006 Company appropriately changed to the FIFO cost method from The weighted-average cost method for financial statement and income tax purposes. The change will result in a $70,000 increase in the beginning inventory @January 1, 2006. Assuming a 40 Percent income tax rate, the...

FIFO-LIFO- Ending Inventory-COGS formula needed. [ 0 Answers ]

I need your help on the following question I can not seem to get this: Beginning Inventroy: 1,000 units @$10 per unit Purchases: 3,000 units @$12 per unit Sales: 3,500 units @$16 per unit Ending Inventory: 500 units Compute both the ending inventroy value and cost of goods sold using each of...

Assuming Vulcan uses a FIFO cost flow method, the cost of goods sold for the sales tr [ 2 Answers ]

A. $ 840 b. $ 920 c. $ 860 d. $ 880

Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO [ 2 Answers ]

I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35

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