Tenicheff Corporation Uses the FIFO Method in Its Process Costing

question 13

Multiple Choice

Tenicheff Corporation uses the FIFO method in its process costing system.Operating data for the Curing Department for the month of March appear below: $\begin{array}{lrc}&&\text { Percent Complete with}\\&\text { Units }&\text { Respect to Conversion}\\\text { Beginning work in process inventory.... } & 8,200 & 50 \% \\\text { Transferred in from the prior department } & & \\\text { during March...................................... } & 49,000 \\\text { Completed and transferred to the next}\\\text { department during March.....................}&56,200\\\text { Ending work in process inventory ......... } & 1,000& 40 \%\end{array}$
According to the company's records,the conversion cost in beginning work in process inventory was $10,250 at the beginning of March.The cost per equivalent unit for conversion costs for March was $2.40. How much conversion cost would be assigned to the units completed and transferred out of the department during March?

• A)$134,880
• B)$117,600
• C)$135,290
• D)$125,040

Identify communication roadblocks and strategies for navigating them effectively.

Understand and identify various counseling strategies used by nutrition counselors.

Recognize the phases of the motivational nutrition counseling algorithm and their significance.

Assess and classify clients' readiness to change using appropriate tools.

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Definitions:

Writing Requirement

The legal principle that certain contracts or agreements must be documented in written form to be legally binding.

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by all parties involved in order to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has reasonably relied on that promise to their detriment.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.