Williams Corporation Uses the FIFO Method in Its Process Costing

Multiple Choice

Williams Corporation uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was $48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be $3.10 for materials and $4.50 for conversion costs. The total cost of the units completed and transferred out of the department was:

A) $190,000
B) $189,200
C) $180,200
D) $132,000