The Finishing Department Had 5,000 Incomplete Units in Its Beginning

question 44

Multiple Choice

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.
-
How many units were transferred-out during the period?

• A) 12,000.
• B) 13,000.
• C) 18,000.
• D) 20,000.

---

Definitions:

Perfect Correlation

A statistical relationship indicating a flawless direct or inverse linkage between two variables.

Matched Design

A research design that matches the experimental participants with control participants who are similar on key characteristics.

Epidemiological

Relating to the study of how disease rates vary among different population groups to identify patterns, causes, and control health problems.

Experimental

Referring to a method of investigation in the sciences and social sciences in which variables are manipulated to observe and measure effects on a particular outcome.