Use the following information for the next 10 questions.
Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally:
-Using the FIFO method, the cost of the beginning work in process units transferred out was
A) $2,385
B) $15,476
C) $7,551
D) $6,756

Question

Use the following information for the next 10 questions.
Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally: 
-Using the FIFO method, the cost of the beginning work in process units transferred out was
A) $2,385 
B) $15,476 
C) $7,551 
D) $6,756

Quizplus · Accepted Answer

The Answer of Use the following information for the next 10 questions.
Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally: 
-Using the FIFO method, the cost of the beginning work in process units transferred out was
A) $2,385 
B) $15,476 
C) $7,551 
D) $6,756

Use the Following Information for the Next 10 Questions