Dorman Music Corporation Manufactures Guitars and Uses a FIFO Process

question 58

Multiple Choice

Dorman Music Corporation manufactures guitars and uses a FIFO process costing system.The following information relates to September production:
The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to:

• A) $48,600
• B) $874,400
• C) $842,400
• D) $48,000

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