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<p><em><strong>After reviewing the first quarter results, The company is interested in how the equivalent units produced would have been different if the weighted average method had been used instead. Assume that the number of units in ending work-in-progress was the same at the end of January, February and March and that at the end of each month they were the same percentage complete. If the company had used the weighted average method, the EUP for conversion costs for each of the first two months would have compared to the FIFO method in what way?</strong></em></p> <p><em><strong>January February</strong></em></p> <p><em><strong>a) Same Same</strong></em></p> <p><em><strong>b) Greater number Greater number</strong></em></p> <p><em><strong>c) Greater number Same</strong></em></p> <p><em><strong>d) Same Greater number</strong></em></p>
d) Same Greater number
process costing is a method of costing used mainly in manufacturing where Start networking and exchanging professional insights Ahmed kandil, Senior Accountant holding company in January 2005 and uses the FIFO Process Costing method in its accounting .
The first end of fiscal year inventory of suppliers your work and the use of information and invoices we have to work Inventory Then work the balance of a review of the suppliers are all for construction companies and private then turns to customer accounts and make sure it reaches the desired values or not on.. and then begin the process of inventory and fixed assets and traded assess and evaluate effectively and work under general accumulated depreciation of assets and reduced the value of Bank or revenue is then worked Budgetary Questions based on these information
Insufficient information given in the question?
Is the company using standard costing?
Have direct costs increased, or decreased?
Is product volumes according to budget, and consist production units throughout the12 month period.
Overall the FIFO basis would return decreased cost of sales.
