ABC Manufacturing Company processes direct materials up to the split off point, where two products (A and B) are obtained and sold. The following information was collected for the month of November. Direct materials processed: 10,000 litres (10,000 litres yield 9,500 litres of good product and 500 litres of shrinkage) Production: A 5,000 litres, B 4,500 litres Sales: A 4,750 at $150 per litre B 4,000 at $100 per litre

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fifo-q-1.docx