Roger Corporation uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June: The cost of the 75,000 units transferred out of the department during June is closest to:

A) $302,500
B) $263,000
C) $335,500
D) $337,500

Question

Roger Corporation uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June:

The cost of the 75,000 units transferred out of the department during June is closest to:

A) $302,500
B) $263,000
C) $335,500
D) $337,500

Keegan Downs · Accepted Answer

Final Answer : C, Explanation :  FIFO methodFIFO method equivalent units of production

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Roger Corporation uses the FIFO method in its process costing system.The following data are taken from the accounting records of a particular department for June: The cost of the 75,000 units transferred out of the department during June is closest to:A) $302,500B) $263,000C) $335,500D) $337,500

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