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

question 312

Multiple Choice

Carver Corporation uses the first-in, first-out method in its process costing system. The Assembly Department started the month with 2,400 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 70,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 9,400 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) 63,000
• B) 66,260
• C) 67,700
• D) 77,000

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Definitions:

Harihara

In Hinduism, a deity combining Vishnu (Hari) and Shiva (Hara), symbolizing the unity of their essences.

Gal Vihara

A rock temple of the Buddha located in Polonnaruwa, Sri Lanka, known for its large stone Buddha statues carved out of granite.

Colossal Sculpture

A very large statue, often exceeding human scale, designed to be admired from a distance.

Angkor

A significant archaeological site in Cambodia, renowned for its complex of temples including the famous Angkor Wat.