(Appendix 6A)Roger Company Uses the FIFO Method in Its Process

question 42

Multiple Choice

(Appendix 6A) Roger Company uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June:
What is the cost of the 75,000 units transferred out of the department during June?

• A) $151,250.
• B) $145,250.
• C) $131,500.
• D) $168,750.Cost of units transferred out then = $17,500 + 8,000 * $0.50 + 55,000 * $2.25 = $145,250