Carver Corporation Uses the First-In, First-Out Method in Its Process

question 119

Multiple Choice

Carver Corporation uses the first-in, first-out method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 66,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 9,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units of production for conversion costs in the Assembly Department for the month?

• A) 59,000
• B) 62,300
• C) 63,500
• D) 73,000

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Definitions:

Proteobacteria

Largest bacterial lineage; members show a wide range of metabolic diversity.

Cyanobacteria

Photosynthetic, oxygen-producing bacteria.

Spirochetes

Group of small bacteria shaped like a stretched-out spring.

DNA Nucleotides

The building blocks of DNA, consisting of a phosphate group, a sugar (deoxyribose), and a nitrogenous base.