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Nihonno Tsukuruno, Inc. uses the FIFO method of process costing. The firm has only one production department. It has the follPlease show how you got the answer. Thank you

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Answer #1

Here Answer is B $1765375

Calculated as

VALUATION OF OUTPUT TRANSFERRED
UNITS RATE PER UNIT
OPENING WIP 1000 25000
ADDITION COST ON OPENING WIP
MATERIAL 500 12.5 6250
LABOR 500 17.25 8625
VALUE OF UNITS FINISHED FROM OPENING WIP 39875
VALUE OF UNITS COMPLETED DURING THE PROCESS 58000 $                 29.75 1725500
VALUE OF TOTAL 59000 UNITS FINISHED DURING THE PROCESS 1765375

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