Example. Let us use the same example as in the article on process costing under weighted average method. Prepare a cost of production report for the packaging department of Company ABC for the month of December 2013 under FIFO method of process costing. Important information is reproduced here.
Water goblets are a type of stem ware typically used in formal place settings along with wine glasses or goblets. While usually made of glass or crystal, water goblets are also made of metal, ceramic, wood or plastic. Use these large goblets to consume water, not any other beverages.
Gourd-a type of plant. A sheng (mouth organ) is one of the oldest Chinese instruments made out of hollowed-out pumpkin-like vegetables. It consists of a wind-chest and a number of bamboo pipes set in a circle. The sheng imitates the sound of a phoenix.