Muzyka Corporation Uses the FIFO Method in Its Process Costing

question 69

Multiple Choice

Muzyka Corporation uses the FIFO method in its process costing system.Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error.In all cases,select the answer that is the closest to the answer you computed. The cost of a completed unit transferred out of the department is closest to:

• A)$69.88
• B)$75.56
• C)$60.71
• D)$65.92