Multiple Choice
In November, one of the processing departments at Rullo Corporation had beginning work in process inventory of $23,000 and ending work in process inventory of $32,000. During the month, $267,000 of costs were added to production and the cost of units transferred out from the department was $258,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for November, the total cost to be accounted for would be:
A) $580,000
B) $557,000
C) $290,000
D) $55,000
Correct Answer:
Verified
Correct Answer:
Verified
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