Merced Corporation has a process costing system and uses the FIFO method.For May,the company's beginning work in process inventory was 75% complete with respect to conversion,and the ending work in process inventory was 80% complete with respect to conversion.Information on units processed and conversion costs incurred during May follow:
The amount of conversion cost in the ending work in process inventory was:
A) $84,000
B) $80,000
C) $222,700
D) $68,000
Correct Answer:
Verified
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