THE Company operates two departments, Department L and Department Q. THE Company uses a FIFO...
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THE Company operates two departments, Department L and Department Q. THE Company uses a FIFO process costing system. Department L reported the following inventory information for June: % complete % complete units DM conversion work in process, June 1 14,000 24% 79% work in process, June 30 18,000 65% 41% The cost of beginning work in process and the costs added during June in Department L were as follows: DM Conversion work in process, June 1 $ 36,804 $ 24,660 costs incurred during June 288,298 266,328 During June, Department L completed 53,000 units and transferred them to Department Q. The cost to complete the units in beginning work in process was equal to:
Group of answer choices
$75,516
$70,774
$61,464
$73,738
$83,062
$79,936
Part B.) Department L's work in process inventory balance at June 30 was equal to:
Group of answer choices
$80,790
$94,842
$102,195
$105,552
$181,800
$192,708
$193,818
$196,281
Part C.) The cost of goods started and completed in June for Department L was equal to:
Group of answer choices
$434,300
$521,248
$393,900
$170,174
$436,800
$554,626
$381,657
$473,836
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