Peace Products Inc. Peace Products Inc. uses process costing. The following information was available for the current year:
Refer to the Peace Products Inc. information above. If Peace uses the first-in, first-out (FIFO) method of computing equivalent units and assigning product costs, what is the cost of ending work-in-process inventory?
A) $48,000
B) $65,730
C) $96,000
D) $93,900
Correct Answer:
Verified
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