Costing ending inventory using FIFO The Fainer Corporation uses the FIFO inventory method to cost production. One
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Costing 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 Compute the cost of work in process inventory in the Finishing process center on July 31.
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