Williams Corporation Uses the FIFO Method in Its Process Costing

question 33

Multiple Choice

Williams Corporation uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was $48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be $3.10 for materials and $4.50 for conversion costs. The total cost of the units completed and transferred out of the department was:

• A)$190,000
• B)$189,200
• C)$180,200
• D)$132,000

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No-load Mutual Fund

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