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Prepare Cost Production Reports: Decision Case
Introduction:
There are two methods of preparing cost of production reports, the weighted-average costing method and the FIFO method. In this assignment, you need to prepare a cost of production report using "both" of the methods. In addition, you will identify the appropriate method and reasons for choosing that method for a specific type of business.
Task:
To work on this assignment you need to ensure it is finalized according to the schedule on an MS Excel spreadsheet. Read the Decision Case on pages 205-206 of the textbook, Managerial Accounting, (attached in PDF) and work to solve the questions that follow. After finalizing the solution, submit it.
Deliverables and Format:
Submit your answer in one Microsoft Excel worksheet.
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