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During August, the Filtering Department of Olive, Inc. had beginning Work-in-Process inventory of 120 units with costs of S50,000. 525 units were transferred in during
During August, the Filtering Department of Olive, Inc. had beginning Work-in-Process inventory of 120 units with costs of S50,000. 525 units were transferred in during the month. It had 60 units in ending Work-in-Process Inventory. Under the first-in, first-out (FIFO) method, current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is OA. 525 units OB, 60 units Oc. 120 units D. O units
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