Multiple Choice
During September, the Filtering Department of Olive Company had beginning transferred in units of 500 units with costs of $125,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $200,000. It had 400 units in ending Work-in-Process Inventory. What is the total cost of production for the units transferred to the Finishing Department in September under the first-in, first-out (FIFO) method?
A) $258,336
B) $125,000
C) $75,000
D) $150,000
Correct Answer:
Verified
Correct Answer:
Verified
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