Roger Corporation uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June:
The cost of the 75,000 units transferred out of the department during June is closest to:
A) $302,500
B) $263,000
C) $335,500
D) $337,500

Question

Roger Corporation uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June:
 The cost of the 75,000 units transferred out of the department during June is closest to:
A) $302,500 
B) $263,000 
C) $335,500 
D) $337,500

Quizplus · Accepted Answer

FIFO method
FIFO method equivalent units of production
 11ea7761_18c1_368e_81a5_13aa1c4f1d8f_TB2580_00 11ea7761_18c1_368f_81a5_1973bdcf37f8_TB2580_00

Roger Corporation Uses the FIFO Method in Its Process Costing