Dorman Music Corporation manufactures guitars and uses a FIFO process costing system.The following information relates to September production:
The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to:
A) $48,600
B) $874,400
C) $842,400
D) $48,000

Question

Dorman Music Corporation manufactures guitars and uses a FIFO process costing system.The following information relates to September production:
  The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to:
A) $48,600 
B) $874,400 
C) $842,400 
D) $48,000

Quizplus · Accepted Answer

FIFO method
 11ea7761_18c0_9a46_81a5_a7e6b4faf6ca_TB2580_00 11ea7761_18c0_9a47_81a5_4b0ae0a77540_TB2580_00 11ea7761_18c0_9a48_81a5_9fab593255a5_TB2580_00

Dorman Music Corporation Manufactures Guitars and Uses a FIFO Process