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please answer the question with fifo and wa method EXERCISE 1. Query Inc. Uses the process costing system. There are two departments that are the
please answer the question with fifo and wa method
EXERCISE 1. Query Inc. Uses the process costing system. There are two departments that are the corporation cutting and finishing department. The following information for the month of May was obtained from the company's books for cutting department. Production Report Unit in Process, beginning of period Started in process during the month received from department finished and transferred stage of completion Cutting 20.000 100.000 90.000 30% Cost Beginning DM CC WIP Cost During May 42.000 30.000 DM CC 48.000 62.000 Direct material in cutting department will be added at the beginning of the process. Use the WA and FIFO method to determine product costs when in the cutting department! two departments, has 8,000
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