Tabet Corporation uses the FIFO method in its process costing system. Operating data for the...
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Accounting
Tabet Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below:
Units
Percent Complete with Respect to Conversion
Beginning work in process inventory
5,800
70
%
Transferred in from the prior department during March
57,100
Completed and transferred to the next department during March
58,800
Ending work in process inventory
4,100
90
%
According to the companys records, the conversion cost in beginning work in process inventory was $20,449 at the beginning of March. The cost per equivalent unit for conversion costs for March was $5.10. How much conversion cost would be assigned to the units completed and transferred out of the department during March?
$279,174
$299,623
$290,300
$299,224
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