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# Following is a list of investments owned by Tamarisk Ltd., as of the company’s year-end, December...

###### Question:

Following is a list of investments owned by Tamarisk Ltd., as of the company’s year-end, December 31, 2020:

 Investment No. Shares Cost Fair Value HFX Corporation 900 $9.00$8.00 FDY Ltd. 2,400 6.80 6.85 CTN Corporation 3,400 6.10 6.80

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##### Use the following information to perform the calculations requested below, assuming that the FIFO costing approach...
Use the following information to perform the calculations requested below, assuming that the FIFO costing approach to a process costing system is being used. Beginning work in process inventory: 10,000 units, 100% percent complete for direct materials 65 percent complete as to conversion costs Endin...