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

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Definitions:

First Aid

The immediate assistance given to a person suffering from minor or serious illness or injury, to preserve life, prevent the condition from worsening, or promote recovery.

Pro-Social Behaviour

Actions intended to benefit others or society as a whole.

Halo Effect

A cognitive bias where the perception of one positive quality in a person or thing influences the perception of other, unrelated qualities.

Cohesive

Characterized by unity; sticking together as a group or material.