During September, the Filtering Department of Olive Company Had Beginning

question 128

Multiple Choice

During September, the Filtering Department of Olive Company had beginning transferred in units of 500 units with costs of $125,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $200,000. It had 400 units in ending Work-in-Process Inventory. What is the total cost of production for the units transferred to the Finishing Department in September under the first-in, first-out (FIFO) method?

• A)$258,336
• B)$125,000
• C)$75,000
• D)$150,000