The Following Information Pertains to Jones Company Materials Are Added at the Start of the Progress

question 29

Multiple Choice

The following information pertains to Jones Company:
$\begin{array}{ll}&\text { Units }\\\text { Work-in-progress inventory, March } 1 \text { (30\% complete) } & 20,000 \\\text { Units transferred in } & 50,000 \\\text { Work-in-progress inventory, March } 31(60 \% \text { complete }) & 16,000\end{array}$
Materials are added at the start of the progress.
How many equivalent units for conversion costs would there be using the FIFO method?

• A)49,600 units
• B)70,000 units
• C)50,000 units
• D)57,600 units

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Definitions:

Speed

The rate at which someone or something is able to move or operate, or the ability to move quickly.

Stimulus Generalization

The tendency of a learned response to occur in the presence of stimuli similar to the original stimulus that elicited the response.

Older-Looking Woman

Refers to a woman who appears to be older than her chronological age, due to factors such as physical features or styling.

Surprise

An emotional response to an unexpected event, which can range from mild to intense depending on the nature of the surprise.