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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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