Teboul Corporation uses the FIFO method in its process costing system

Teboul Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below:

 

           

 

 

 

Units

Percent Complete with Respect to Conversion

 

Beginning work in process inventory....................

7,900

20%

 

Transferred in from the prior department during March.................................................................

40,000

 

 

Completed and transferred to the next department during March..................................

43,900

 

 

Ending work in process inventory.........................

4,000

60%

 

 

 

            According to the company's records, the conversion cost in beginning work in process inventory was $11,850 at the beginning of March. The cost per equivalent unit for conversion costs for March was $7.40.

 

          

 

             How much conversion cost would be assigned to the units completed and transferred out of the department during March?

 

           

 

A)        $325,018

 

B)        $313,168

 

C)        $296,000

 

D)        $324,860

 

    • Posted: 4 years ago
    Teboul Corporation uses the FIFO method in its process costing system

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