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Tepla Corporation Uses the FIFO Method in Its Process Costing

Question 55

Multiple Choice

Tepla Corporation uses the FIFO method in its process costing system.Operating data for the Curing Department for the month of March appear below: Tepla Corporation uses the FIFO 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 $40,608 at the beginning of March.The cost per equivalent unit for conversion costs for March was $9.30. How much conversion cost would be assigned to the units completed and transferred out of the department during March? A) $562,152 B) $561,720 C) $520,800 D) $521,544 According to the company's records,the conversion cost in beginning work in process inventory was $40,608 at the beginning of March.The cost per equivalent unit for conversion costs for March was $9.30. How much conversion cost would be assigned to the units completed and transferred out of the department during March?


A) $562,152
B) $561,720
C) $520,800
D) $521,544

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