Average process costing requiring rounding adjustment Refer to the Fainer Corporation July production data presented in Exercise 5-15.

Exercise 5-15

osting ending inventory using FIFO The Fainer Corporation uses the FIFO inventory method to cost production. One of Fainer's products is a hard disk drive used in microcomputers. The last process center in the production process is Finishing. Finishing production activity and costs during the month of July are recorded in the table at the top of page 233.

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REQUIRED Prepare an average costing cost of production report in good form for the Fainer Corporation for the month of July.