Phantom Enterprises adds materials to production at the beginning of the process in the Production Department. It uses a single-step process. Data on material for this department for July 2014 are as follows: The company uses the FIFO inventory method.
The materials cost in Work in Process on July 31 is

Question

Phantom Enterprises adds materials to production at the beginning of the process in the Production Department. It uses a single-step process. Data on material for this department for July 2014 are as follows:  The company uses the FIFO inventory method.
The materials cost in Work in Process on July 31 is

Quizplus · Accepted Answer

The Answer of Phantom Enterprises adds materials to production at the beginning of the process in the Production Department. It uses a single-step process. Data on material for this department for July 2014 are as follows:  The company uses the FIFO inventory method.
The materials cost in Work in Process on July 31 is

Phantom Enterprises Adds Materials to Production at the Beginning of the Process