Tepla 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 6,500 70 Transferred in from the prior department during March 65,000 Completed and transferred to the next department during March 69,600 Ending work in process inventory 1,900 40 According to the company's records, the conversion cost in beginning work in process inventory was $40,750 at the beginning of March The cost per equivalent unit for conversion costs for March was $9 50 How much conversion cost would be assigned to the units completed and transferred out of the department during March a $617,500 b $658,725 c $617,975 d $661,200

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Question: Tepla Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: Units

Tepla 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	6,500	70%
Transferred in from the prior department during March	65,000
Completed and transferred to the next department during March	69,600
Ending work in process inventory	1,900	40%

According to the company's records, the conversion cost in beginning work in process inventory was $40,750 at the beginning of March. The cost per equivalent unit for conversion costs for March was $9.50.

How much conversion cost would be assigned to the units completed and transferred out of the department during March?

a. $617,500

b. $658,725

c. $617,975

d. $661,200

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