Part D: Process Costing using First-in-First Out (FIFO) 

Part D: Process Costing using First-in-First Out (FIFO)

 

Crone Corporation uses the FIFO method in its processing costing system. The following data concern the company’s Assembly Department for the month of October. Cost in beginning work in process inventory ……..

$1,920

 

Units started and completed this month …………….

3,130