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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
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 $40,800 at the beginning of March. The cost per equivalent unit for conversion costs for March was $9.50. How much conversion cost would be assigned to the units completed and transferred out of the department during March?
Tepla Corporation uses the FlFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: Percent Complete with Respect Units. to conversion 7,000 Beginning work in process inventory 70% Transferred in from the prior department during March 70,000 Completed and transferred to the next department during March 74,600 2,400 30% Ending work in process inventory According to the company's records, the conversion cost in beginning work in process inventory was $40,800 at the beginning of March. The cost per equivalent unit for conversion costs for March was $9.50 How much conversion cost would be assigned to the units completed and transferred out of the department during March? O $708700 O $702,950 O $665,000 O $662,150Step by Step Solution
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