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Question 1 (a) You just joined a factory as the cost accountant. The factory manager has asked you to determine what method you think would

Question 1

(a) You just joined a factory as the cost accountant. The factory manager has asked you to determine what method you think would be the best approach to dealing with beginning work-in-process; weighted average costing method or First in First Out (FIFO) costing method. Explain the differences between the two methods. Which method would you recommend?

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