Tanguy Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below:
|
|
|
Percentage |
|
|
Units |
complete |
|
Beginning work in process inventory |
2,500 |
70% |
|
Transferred in from the prior department during March |
44,000 |
|
|
Completed and transferred to the next department |
|
|
|
during March |
38,500 |
|
|
Ending work in process inventory . |
8,000 |
10% |
According to the company”s records, the conversion cost in beginning work in process inventory was $7,350 at the beginning of March. The cost per equivalent unit for conversion costs for March was $4.10. How much conversion cost would be assigned to the units completed and transferred out of the department during March?
A) $150,675
B) $180,400
C) $158,025
D) $157,850