Tabet Corporation Uses the FIFO Method in Its Process Costing

question 100

Multiple Choice

Tabet 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 $20,349 at the beginning of March.The cost per equivalent unit for conversion costs for March was $5.00.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?

• A) $273,550
• B) $293,899
• C) $285,000
• D) $293,500

---

Definitions:

Organizational Effectiveness

A measure of how efficient and successful an organization is in achieving its goals and fulfilling its mission.

Employees Training

Programs and activities designed to improve the knowledge and skills of employees, enhancing their performance and productivity.

Health and Safety Training

Educational programs focused on teaching individuals how to maintain a safe and healthy work environment.

Strategic Priority

An organization's designation of critical areas or actions that require immediate attention and resources to achieve its long-term objectives.