Chicotti Company Has 6,000 Units in Beginning Work in Process

question 59

Multiple Choice

Chicotti Company has 6,000 units in beginning work in process, 30% complete as to conversion costs, 75,000 units transferred out to finished goods, and 2,000 units in ending work in process 20% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs. How much are equivalent units for materials if the FIFO method is used?

• A) 75,400
• B) 77,000
• C) 71,000
• D) 73,000

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Definitions:

Brain Disorders

A wide range of conditions affecting the brain, leading to physical and psychological symptoms that can impact an individual's ability to function.

Unconscious Motives

Desires or drives within an individual that influence behavior and decision-making, often without the individual's conscious awareness.

Virtual Reality Exposure Therapy

A form of psychotherapy that uses virtual reality technology to expose patients to the situations or objects they fear, in a controlled and safe environment.