Twinnings Corporation Manufactures Scheduling Books $60 \%$ Complete for Conversion)
Started
Completed?
Units, Ending Work in Process

question 49

Multiple Choice

Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The following information is given for the printing department for September. Units:
Units, beginning work in process 40,000 (20\% complete for materials, $60 \%$ complete for conversion)
Started
Completed?
Units, ending work in process $\quad 50,000 \quad$ (25\% complete for materials, $80 \%$ complete for conversion)
$\begin{array} { l l r r } \text { Costs: } & \text { Materials } & \text { Conversion } & \text { Total } \\ \text { beginning workin process } & \$ 6,080 & \$ 2,160 & \$ 8,240 \\ \text { current costs } & \$ 220,875 & \$ 30,600 & \$ 251,475 \\ \text { total costs } & \$ 226,955 & \$ 32,760 & \$ 259,715 \end{array}$ The company uses FIFO inventory assumption.
What are the FIFO equivalent units for materials?

• A)304,500
• B)294,500
• C)302,500
• D)262,500
• E)none of the above

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Definitions:

Prejudice

Preconceived opinion or bias against an individual or group without just grounds or before obtaining adequate knowledge.

Direct Foreign Investment

Investments made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Global Corporations

Global corporations are large businesses that operate and provide their products or services across multiple countries, influencing global trade and economy.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, such as a new project or any other business activity.