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

question 324

Multiple Choice

Marlow Corporation uses the first-in, first-out method in its process costing system. Department A's beginning work in process inventory consisted of 12,000 units, 100% complete with respect to materials and 60% complete with respect to conversion costs. The total cost of this inventory was $76,400. A total of 25,000 units were transferred out during the month. The costs per equivalent unit were computed to be $3.40 for materials and $4.70 for conversion costs. The cost of the units completed and transferred out was closest to:

• A) $195,540
• B) $146,100
• C) $202,500
• D) $204,260

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Definitions:

Key-Boarding Skills

The ability to type quickly and efficiently on a keyboard, a valuable skill in many office and administrative jobs.

Performance-Related Information

Data or details that pertain to the performance of an individual, often used for feedback or improvement purposes.

Job Analysis

A systematic process of collecting and analyzing information about a job's tasks, responsibilities, and the knowledge, skills, and abilities required to perform it.

Work Environment

The setting, conditions, and culture that employees experience in their workplace, which can affect their performance and satisfaction.