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During September, the Filtering Department of Coronet, Inc. had a beginning Work - in - Process Inventory of 600 units with costs of $120,000. During
During September, the Filtering Department of Coronet, Inc. had a beginning Work - in - Process Inventory of 600 units with costs of $120,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $196,000. It had 100 units in ending Work - in - Process Inventory. What is the total cost of production for the units transferred to the Filtering Department in September under the first-in, first-out (FIFO) method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $196,000 O B. $316,000 OC. $291,500 O D. $120,000
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