Materials Are Added at the Beginning of a Process in a Process

question 96

Multiple Choice

Materials are added at the beginning of a process in a process costing system. The beginning Work-in-Process Inventory was 30% complete as to conversion costs. Using first-in, first-out (FIFO) process costing, the total equivalent units for materials are:

• A) beginning inventory this period for this process.
• B) units started this period in this process.
• C) units started this period in this process plus the beginning inventory.
• D) units started this period in this process plus 70% of the beginning inventory this period.

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Definitions:

Cohort

refers to a group of individuals having a statistical factor in common, such as the year of birth, used in social science to study changes over time.

Template

A pre-designed model or structure used as a guide to shape or form subsequent processes or objects.

Prototype

A prototype is an original model or preliminary version of a product or concept from which other forms are developed or copied.

Vehicle

A means of transporting people or goods from one place to another, such as a car, bicycle, or airplane.