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Required information [ The following information applies to the questions displayed below. ] Annin Laboratories uses the FIFO method to account for its work -
Required information
The following information applies to the questions displayed below.
Annin Laboratories uses the FIFO method to account for its workinprocess inventories: The accounting records show the
following information for February:
Quantity information is obtained from the manufacturing records and includes the following:
Compute the cost of goods transferred out and the ending inventory for February using the FIFO method.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
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