The Blue Tide Company manufactures light bulbs in a single process. The following information is available:
Materials are added at the end of the process. The beginning work in process was 70% complete and had $2,250 of materials costs and $9,340 of conversion costs. The ending work in process was 40% complete.
- Assuming the FIFO method was used, how much was the total manufacturing costs to account for?

Question

The Blue Tide Company manufactures light bulbs in a single process. The following information is available:
 Materials are added at the end of the process. The beginning work in process was 70% complete and had $2,250 of materials costs and $9,340 of conversion costs. The ending work in process was 40% complete.
- Assuming the FIFO method was used, how much was the total manufacturing costs to account for?

Quizplus · Accepted Answer

The total manufacturing costs to account for using the FIFO method would include the costs of beginning work in process inventory and the costs added during the period. The correct choice is $72,400.

The Blue Tide Company Manufactures Light Bulbs in a Single