Tenicheff Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below:
According to the company's records, the conversion cost in beginning work in process inventory was $10,250 at the beginning of March. The cost per equivalent unit for conversion costs for March was $2.40.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?
A) $134,880
B) $117,600
C) $135,290
D) $125,040

Question

Tenicheff Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: 
According to the company's records, the conversion cost in beginning work in process inventory was $10,250 at the beginning of March. The cost per equivalent unit for conversion costs for March was $2.40.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?
A) $134,880 
B) $117,600 
C) $135,290 
D) $125,040

Quizplus · Accepted Answer

The Answer of Tenicheff Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: 
According to the company's records, the conversion cost in beginning work in process inventory was $10,250 at the beginning of March. The cost per equivalent unit for conversion costs for March was $2.40.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?
A) $134,880 
B) $117,600 
C) $135,290 
D) $125,040

Tenicheff Corporation Uses the FIFO Method in Its Process Costing