Forthefunofit Ltd Uses a Process Costing System

question 54

Multiple Choice

Forthefunofit Ltd uses a process costing system. Direct materials are added at the beginning of the process. During January, Department A had a beginning inventory of 2,000 units, 50% complete for conversion costs. During the month 14,000 units were started and there were 1,000 units in ending inventory, 40% complete for conversion costs. Using weighted average process costing, the equivalent units for conversion costs for the month were:

• A) 14,100
• B) 15,000
• C) 16,000
• D) 15,400

---

Definitions:

Kapauku

An ethnic group residing in the highlands of Papua, Indonesia, known for their unique social organization and practices.

Rebellion

An act of violent or open resistance against an established government or ruler, often motivated by political grievances, oppression, or desires for independence.

Revolution

A fundamental and sudden change in political power, societal organization, or in the social or economic structure, typically carried out by a large portion of the population.

Warfare

A structured and frequently extended battle engaged in by nations or entities not recognized as states.