Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $51,115
B) $46,770
C) $93,540
D) $60,801

Question

Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $51,115 
B) $46,770 
C) $93,540 
D) $60,801

Quizplus · Accepted Answer

The Answer of Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A) $51,115 
B) $46,770 
C) $93,540 
D) $60,801

Mullins Corporation Uses the First-In, First-Out Method in Its Process