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Preparing a Quantity Schedule FIFO Method (20 marks) Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to
Preparing a Quantity Schedule FIFO Method (20 marks) Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tonnes of pulp processed during June are provided below: Percentage Completed Tonnes of Pulp Materials Labour and Overhead Work in process, June 1 20,000 90% 80% Work in process, June 30 30,000 60% 40% Started into processing during June 190,000 REQUIRED: Prepare a quantity schedule for June assuming that Hielta Oy uses the FIFO method.
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