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

question 6

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.
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How many units were started and completed during the period?

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

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Definitions:

Schema

An individual’s mental representation that summarizes her knowledge about a certain type of event or situation.

Retrieval Cues

Stimuli that aid in the recall of memories, acting as triggers that bring memories to consciousness.

Loci

Specific locations or positions in genetics or memory techniques, referring to gene locations on chromosomes or mnemonic spatial locations, respectively.

Mnemonics

Memory aids or techniques that use associations and patterns to help remember information.