Question: Looking for solution to to 17-39 Only Transferred-in costs, FIFO method. Refer to the information in Problem 17-38. Suppose that Publishers, Inc., uses the FIFO
Looking for solution to to 17-39 Only
Transferred-in costs, FIFO method. Refer to the information in Problem 17-38. Suppose that Publishers, Inc., uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-38 under the FIFO method are that total transferred-in costs of beginning work in process on April 1 are $44,100 (instead of $39,060) and that total transferred-in costs added during April are $49,760 (instead of $155,520). Using the FIFO process-costing method, complete Problem 17-38. If you did Problem 17-38, explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the binding department under the weighted-average
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