Question: (Appendix 6A) Tarte Company uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of June appear
(Appendix 6A) Tarte Company uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of June appear below: Units Percentage complete Beginning work in process inventory 10,000 10% Transferred in from the prior department during June 57,000 Completed and transferred to the next department during June 68,000 Ending work in process inventory 1,000 70% According to the company's records, the conversion cost in beginning work-in-process inventory was $7,470 at the beginning of June. The cost per equivalent unit for conversion costs for June was $8.20. How much conversion cost would be assigned to the units completed and transferred out of the department during June? Multiple Choice $540,470 $533,000 $525,530 $592040
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