Tabet Corporation Uses the First-In, First-Out Method in Its Process

question 330

Multiple Choice

Tabet Corporation uses the first-in, first-out 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 $21,849 at the beginning of March. The cost per equivalent unit for conversion costs for March was $6.50. How much conversion cost would be assigned to the units completed and transferred out of the department during March?

• A) $358,540
• B) $380,389
• C) $364,500
• D) $379,990

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Definitions:

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