MAX Corporation uses a process cost system. The company uses the FIFO method to account for inventory.

Question:

MAX Corporation uses a process cost system. The company uses the FIFO method to account for inventory. The company began March with 3,000 units in WIP that were 70% complete. The company started 18,000 units during the month. At the end of March there were 6,000 units that were only 40% complete. Total production cost for March was $45,900. Compute the amount of cost of goods manufactured for March 2016?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...