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Tenicheff Corporation Uses the FIFO Method in Its Process Costing

Question 3

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Tenicheff Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: Tenicheff 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 $10,250 at the beginning of March. The cost per equivalent unit for conversion costs for March was $2.40. How much conversion cost would be assigned to the units completed and transferred out of the department during March? A)  $134,880 B)  $117,600 C)  $135,290 D)  $125,040
According to the company's records, the conversion cost in beginning work in process inventory was $10,250 at the beginning of March. The cost per equivalent unit for conversion costs for March was $2.40.
How much conversion cost would be assigned to the units completed and transferred out of the department during March?


A) $134,880
B) $117,600
C) $135,290
D) $125,040

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