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Morvan Corporation Uses the FIFO Method in Its Process Costing

Question 63

Multiple Choice

Morvan Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Morvan Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. -The cost of a completed unit transferred out of the department is closest to: A) $74.51 B) $68.27 C) $74.02 D) $70.29 Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed.
-The cost of a completed unit transferred out of the department is closest to:


A) $74.51
B) $68.27
C) $74.02
D) $70.29

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