The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)

-Refer to the Figure.What would be Department ABC's cost of ending work in process when using the FIFO method?
A)$3,160
B)$3,500
C)$3,552
D)$3,960

Question

The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)
 
-Refer to the Figure.What would be Department ABC's cost of ending work in process when using the FIFO method?
A)$3,160 
B)$3,500 
C)$3,552 
D)$3,960

Quizplus · Accepted Answer

The FIFO method calculates the cost of ending work in process by considering only the costs incurred during the current period. The correct choice is $3,160, as it reflects the costs associated with the units that were in process at the end of the period, excluding any costs from the beginning inventory.

The Following Information Is Available for Department ABC for the Month