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

question 121

Multiple Choice

Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the mixing department consisted of 6,000 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,000 units that were 60% complete with respect to conversion costs. If 12,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:

• A) 12,500 units
• B) 10,500 units
• C) 13,500 units
• D) 13,000 units

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Definitions:

Mate Selection

The process by which individuals choose their partners based on a variety of factors including preferences, social standing, and genetics.

Social Status

The position or ranking of a person or group within a society based on various factors including wealth, occupation, education, and social connections.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.

Romantic Relationship

Denotes an emotional and intimate association between two people that often involves love, attraction, and a commitment to one another.