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Steven Corporation Uses the First-In, First-Out Method in Its Process

Question 334

Multiple Choice

Steven Corporation uses the first-in, first-out method in its process costing system. The following data were taken from the accounting records of a particular department for last month: Steven Corporation uses the first-in, first-out method in its process costing system. The following data were taken from the accounting records of a particular department for last month: The cost of units transferred out of the department during the month is: A) $270,000 B) $242,500 C) $254,500 D) $250,500 The cost of units transferred out of the department during the month is:


A) $270,000
B) $242,500
C) $254,500
D) $250,500

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