East Bay Fisheries Inc

question 90

Multiple Choice

East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below:

Total equivalent units for conversion under the FIFO method are calculated to be:

• A)6,560 equivalent units.
• B)8,180 equivalent units.
• C)6,420 equivalent units.
• D)7,140 equivalent units.
• E)7,320 equivalent units.

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Definitions:

Receiving Goods

The process of accepting delivery of goods from suppliers, often involving inspection and verification of order accuracy.

Potential for Errors

The likelihood or risk that inaccuracies or mistakes may occur within a process or set of data.

Fraudulent Activity

Deliberate deception to secure unfair or unlawful gain, often involving financial transactions.

Incompatible Duties

Tasks within an organization that are separated to prevent fraud or error, ensuring no individual has control over all aspects of a transaction.