Tarten Company Uses the FIFO Method in Its Process Costing

question 105

Multiple Choice

Tarten Company uses the FIFO method in its process costing system.Operating data for the Curing Department for the month of March appear below:
$\begin{array}{|l|r|r|}\hline & \text { Units } & \text { Percentage complete } \\\hline \begin{array}{l}\text { Beginning work in process } \\\text { inventory }\end{array} &9,000 &10 \% \\\hline \begin{array}{l}\text { Transferred in from the } \\\text { prior department during }\end{array} &57,000 & \\\text {March }\\\hline\text { Completed and transferred }& 65,200 \\ \text { to the next department } \\\text { during March } & \\\hline \text { Ending work in process } & 1,000 & 70 \%\\\text { inventory } \\ \hline\end{array}$
According to the company's records,the conversion cost in beginning work-in-process inventory was $7,470 at the beginning of March.The cost per equivalent unit for conversion costs for March was $8.20.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?

• A) $525,530.
• B) $592,040.
• C) $533,090.
• D) $533,000.

---

Definitions:

Clarifying Expectations

The process of discussing and agreeing on the specific outcomes, behaviors, and conditions expected from a task or relationship.

Internet of Things

A network of physical objects embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet.

Audience's Wants

The specific desires or needs of a target audience that content creators or marketers aim to address.

Message Retrieval

The process of obtaining messages or information that has been stored or transmitted.