1. Assigning Costs: FIFO Costing Method SE 6. Using the data
in SE 4 and SE 5, assign costs to the units transferred out and to the units in
ending inventory for July.
2. Equivalent Production: Average Costing Method SE 7. Using
the same data as in SE 4 but Steps 1 and 2 of the average costing method,
compute the equivalent units of production for the month.
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