Tabet Corporation Uses the First-In, First-Out Method in Its Process

Multiple Choice

Tabet Corporation uses the first-in, first-out method in its process costing system. Operating data for the Curing Department for the month of March appear below: According to the company's records, the conversion cost in beginning work in process inventory was $20,349 at the beginning of March. The cost per equivalent unit for conversion costs for March was $5.00. How much conversion cost would be assigned to the units completed and transferred out of the department during March?

A) $273,550
B) $293,899
C) $285,000
D) $293,500