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Calculate the cost of goods transferred out

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Question - Gunnison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December shown below:

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1. Calculate the unit cost for December, using the FIFO method.

2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for.

3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost.

Reference no: EM131793416

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