In February, one of the processing departments at Grosz Corporation had beginning work in process inventory of $18,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $204,000. The company uses the FIFO method in its process costing system.
-In the department's cost reconciliation report for February,the total cost accounted for would be:
A)$29,000
B)$412,000
C)$215,000
D)$430,000

Question

Quizplus · Accepted Answer

FIFO method
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In February, One of the Processing Departments at Grosz Corporation