During September, the Filtering Department of Coronet, Inc. had a beginning Work

Question

During September, the Filtering Department of Coronet, Inc. had a beginning Work - in - Process Inventory of 600 units with costs of $120,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $196,000. It had 100 units in ending Work - in - Process Inventory. What is the total cost of production for the units transferred to the Filtering Department in September under the first-in, first-out (FIFO) method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $196,000 O B. $316,000 OC. $291,500 O D. $120,000

Explanation / Answer

Correct Answer---(A) $196,000

The question is asking about cost of units transferred to Filtering department.

The only Units transferred to Filtering department is from Milling Department. 800 units are transferred from milling department at a cost of $196,000.

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