Merced Corporation has a process costing system and uses the FIFO method. For May, the company's beginning work in process inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion. Information on units processed and conversion costs incurred during May follow: Units ConversionWork in process inventory on May 128,000$44,000Units started into production, and costs incurred during the month130,000$266,700Units completed and transferred to finished goods during the month108,000 Work in process inventory on May 3150,000 The amount of conversion cost in the ending work in process inventory was:
A. $84,000
B. $222,700
C. $68,000
D. $80,000
Answer: A
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