This month, the Preparation Department made 1,200 pounds of salad at a total cost of $4,800. It
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This month, the Preparation Department made 1,200 pounds of salad at a total cost of $4,800. It shipped 800 pounds to the Cafeteria Department this month. At the beginning of the month, the Cafeteria Department had 20 pounds of salad that came from the Preparation Department last month at a cost of $1.95 per pound.
In the Cafeteria Department, what are this month's transferred-in costs, per pound, under both the FIFO and weighted-average approaches?
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Related Book For
Cost Accounting An Introduction To Cost Management Systems
ISBN: 9780324015829
1st Edition
Authors: Philip Jagolinzer
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