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

question 79

Multiple Choice

Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the mixing department consisted of 7,100 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 6,100 units that were 60% complete with respect to conversion costs. If 14,200 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:

• A) 14,975 units
• B) 12,535 units
• C) 15,975 units
• D) 15,200 units

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Definitions:

Systematically Scanned Pictures

Images obtained and processed in an organized manner for analysis or record-keeping.

Eye Movements

Motions of the eye that are essential for receiving visual input, tracking moving objects, and aiding in perception.

Metamemory

The ability to think about one’s memory processes.

Memory Organization

The way in which memories are stored and connected in the brain, allowing for efficient recall and use of information.