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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
During September, the Filtering Department of Coronet, Inc. had a beginning Work-in-Process Inventory of 800 units with costs of $120,000. During the month, 600 units were transferred in from the Milling Department with transferred in costs of $187,000. It had 100 units in ending Work-in-Process Inventory. What is the total cost of production for the units transferred to the Filtering Department in September under the first-in, first-out (FIFO) method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $307,000
B) $275,835
C) $187,000
D) $120,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
4 years ago
Thanks
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