The company uses the fifo method in its process costing


In November, one of the processing departments at Rullo Corporation had beginning work in process inventory of $23,000 and ending work in process inventory of $32,000. During the month, $267,000 of costs were added to production and the cost of units transferred out from the department was $258,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for November, the total cost to be accounted for would be:

Answer

$580,000

$557,000

$290,000

$55,000

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Cost Accounting: The company uses the fifo method in its process costing
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