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Bishop Company uses the FIFO method in its process costing system. The Mixing Department started the month with 500 units in process that were 20%
Bishop Company uses the FIFO method in its process costing system. The Mixing Department started the month with 500 units in process that were 20% complete, started in production 2,000 units, and transferred 2,100 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 45% complete with respect to conversion costs. The department incurred the following costs: (Click the icon to view the costs.) Data table
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