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Merced Corporation Has a Process Costing System and Uses the First-In

Question 37

Multiple Choice

Merced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in process inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion. Information on units processed and conversion costs incurred during May follow: Merced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in process inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion. Information on units processed and conversion costs incurred during May follow: The amount of conversion cost in the ending work in process inventory was: A) $84,000 B) $80,000 C) $222,700 D) $68,000 The amount of conversion cost in the ending work in process inventory was:


A) $84,000
B) $80,000
C) $222,700
D) $68,000

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