Prepare a production cost report using the FIFO method.

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Chapter 8, Problem 44E

a.

To determine

Prepare a production cost report using the FIFO method.

b.

To determine

Determine whether the ending inventory is higher when using FIFO or when using weighted-average method. Provide reason for same.

c.

To determine

Recommend a method for computing the cost of inventory to the company

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