Solution-Find what the eup for materials is using fifo

Find what the eup for materials is using fifo method

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Reference no: EM132771907

JYD Corporation uses the process costing system. The following data are available from the books of Department 2. The quality control inspection takes place when the units are 75% completed and materials are added at the start of the process.

Units

Work in process, beg. (40% completed) 10,000

Units received 40,000

Units completed and transferred 40,000

Work in process end ( 60% completed) ?

Normal lost 2,000

Abnormal lost 3,000

Problem 1: Using FIFO method, the EUP for materials is:

a. 50,000

b. 40,000

c. 60,000

d. 58,000

Reference no: EM132771907

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Find what the eup for materials is using fifo method

Reference no: EM132771907

Reference no: EM132771907

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