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Required 19-26 FIFO method, spoilage (continuation of 19-25). 1. Do Exercise 19-25 using the FIFO method. 2. What are the managerial issues involved in selecting
Required 19-26 FIFO method, spoilage (continuation of 19-25). 1. Do Exercise 19-25 using the FIFO method. 2. What are the managerial issues involved in selecting or reviewing the percentage of spoilage considered normal? How would your answer to requirement 1 differ if all spoilage were viewed as normal? Home Insert Formulas Data Page Layout AL Review B Physical Units 2,400 View la Dire Materials $21,240 100% on Costs $ 13,332 50% 12.000 10,800 2,160 2. Work in process, beginning inventory (April 1) B Degree of completion of beginning work in process Started duning April S Good units completed and transferred out during April 6. Work in process, ending inventory (April 30) 7 Degree of completion of ending work in process 8. Total costs added during April 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 100% $97 560 75% S1111408 10% 100% 100% 100% 100%
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