FIFO computations (continuation of 4-21). (20 minutes) REQUIRED Do Problem 4-21 (1), using FIFO and four decimal

Question:

FIFO computations (continuation of 4-21). (20 minutes)

REQUIRED Do Problem 4-21 (1), using FIFO and four decimal places for unit.costs. Explain any difference between the cost of work completed and transferred out and cost of ending work in progress in the Forming Department under the weightedaverage method and the FIFO method. l01

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