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

question 341

Multiple Choice

Crimp Corporation uses the first-in, first-out method in its process costing system. Department A had 10,000 units in process at the beginning of January that were 40% complete with respect to conversion costs. All materials are added at the beginning of the process in Department A. The January 1 work in process inventory in Department A contained $20,000 in materials cost and $11,000 in conversion cost. During January, materials costs were $2.00 per equivalent unit and conversion costs were $2.50 per equivalent unit. All of the units in the beginning work in process inventory were completed and transferred out during the month. What was the total cost attached to these units when they were transferred to the next department?

• A) $35,000
• B) $31,000
• C) $46,000
• D) $337,500

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Definitions:

Hocker And Wilmot

Refers to Joyce Hocker and William Wilmot, scholars who have contributed significantly to the study of conflict resolution and interpersonal communication.

Avoidant Family

A family system characterized by a reluctance to confront or engage in emotional connections, often avoiding conflicts or emotional expressions.

Strong Feelings

Intense emotional experiences that are powerfully expressed or felt.

Listening Role

The active process of receiving, constructing meaning from, and responding to spoken and/or nonverbal messages in a communication exchange.