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

Question 73

Multiple Choice

Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: A) $51,115 B) $46,770 C) $93,540 D) $60,801 The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:


A) $51,115
B) $46,770
C) $93,540
D) $60,801

Correct Answer:

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