t r ans f er r ed in c o s ts fi f o method refer to the information in exercise 4 1 736824
T r ans f er r ed in c o s ts, FI F O method.
Refer to the information in Exercise 4.16. Suppose that Telemark Kjemi uses the FIFO method instead of the weighted average method in all its departments. The only changes under the FIFO method are that the total transferred in cost of opening work in progress is NKr 39 200 and that the cost of work done in the current period is NKr 85 600.
Do Exercise 4.16 using the FIFO method.