Ormandy Company Uses a FIFO Process Costing System

question 111

Multiple Choice

Ormandy Company uses a FIFO process costing system.The company had 5,000 units that were 60 percent complete as to conversion costs at the beginning of the month.The company started 22,000 units this period and had 7,000 units in ending Work in Process Inventory that were 35 percent complete as to conversion costs.What are equivalent units for material,if material is added at the beginning of the process?

• A)18,000
• B)22,000
• C)25,000
• D)27,000

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Definitions:

Defibrillator

A defibrillator is a medical device used to deliver a dose of electric current (shock) to the heart in order to correct irregular heart rhythms and potentially prevent cardiac arrest.

Irregular Heart Rhythm

An abnormality in the frequency or pattern of the heartbeat, which can include conditions such as arrhythmias.

Regular Sinus Rhythm

The normal heart rhythm, originating from the sinoatrial node, characterized by a consistent rate and rhythm.

Sinus Bradycardia

A condition where the heart rate is slower than normal due to a slower-than-normal rate of impulses in the sinoatrial node.