Exhibit 16-5 Adam Company Uses the FIFO Method in Its

Exhibit 16-5 Adam Company uses the FIFO method in its process costing system. The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process) :

- Refer to Exhibit 16-5. What was the amount of costs transferred out for September?

A) $529,000
B) $562,000
C) $666,243
D) $669,100