Zuniga Ltd Uses a Process Costing System

question 53

Multiple Choice

Zuniga Ltd uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally: Using the FIFO method, the cost of the beginning work in process units transferred out was

• A) $2,385
• B) $15,476
• C) $7,551
• D) $6,756