Severn Company Uses the FIFO Method in Its Process Costing

question 3

Multiple Choice

Severn Company uses the FIFO method in its process costing system.The following data were taken from the accounting records of the company for last month: The cost of the units in the ending Work in Process inventory is:

• A)$17,000
• B)$20,000
• C)$10,000
• D)$22,500