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Author Question: FIFO Aluminum processes a single type of aluminum. During the current period the following ... (Read 534 times)

jwb375

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on: Mar 6, 2021
FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: 

​UnitsMaterial CostsConversion Costs
Beginning Inventory4800$5700$6600
Started During the Current Period20,80049,20067,000
Ending Inventory2900​​
All materials are added at the beginning of the production process. The beginning inventory was 35% complete as to conversion, while the ending inventory was 40% completed for conversion purposes. 

FIFO Aluminum uses the first-in, first-out system of process costing. 

What were the costs assigned to the units transferred out this period (Round intermediary calculations to the nearest cent)?
◦ $114,391
◦ $118,203
◦ $246,250
◦ $153,004
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by jwb375 on Mar 6, 2021

bblaney

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jwb375

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

AngeliqueG

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Reply 3 on: Yesterday
Excellent

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