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Business, 11.01.2020 08:31 zoebtharpe

Fifo aluminum processes a single type of aluminum. during the current period the following information was given: units material costs conversion costs beginning inventory 4 comma 200 $ 5 comma 100 $ 6 comma 600 started during the current period 21 comma 000 48 comma 800 65 comma 000 ending inventory 2 comma 900 all materials are added at the beginning of the production process. the beginning inventory was 30% complete as to conversion, while the ending inventory was 40% completed for conversion purposes. fifo aluminum uses the firstminusin, firstminusout system of process costing. what were the costs assigned to the units transferred out this period (round intermediary calculations to the nearest cent)?

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