Dorman Music Corporation manufactures guitars and uses a FIFO process costing system. The following information relates to September production: Number of unitsPercent Complete with Respect to Conversion costsWork in process, September 110,00020%Units started into production45,000 Work in process, September 304,00075% Conversion cost in work in process on September 1$32,000Conversion cost added to production during September 842,400Total cost$874,400 The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to:
A. $48,600
B. $874,400
C. $48,000
D. $842,400
Answer: A
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