Stoltenberg Co Beginning Work-In-Process Inventory Is 30 Percent Complete as to Conversion

question 102

Multiple Choice

Stoltenberg Co. had the following information for the month of June: $\begin{array}{lr}\text { Work in process beginning inventory, June } 1 & 2,000 \text { units } \\\text { Units transferred in } & 16,000 \text { units } \\\text { Work in process ending inventory, June } 30 & 4,000 \text { units }\end{array}$ Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.
The equivalent units for transferred-in costs under the FIFO method are calculated to be:

• A) 12,000.
• B) 10,000.
• C) 14,000.
• D) 16,000.
• E) 18,000.

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Definitions:

Disseminator

A role in communication where information is distributed or spread widely among a group or organization.

Allocating Resources

The process of distributing resources, including time, money, equipment, and labor, among various projects or departments within an organization.

Coordinated Activities

Actions that are planned and executed in sync by different individuals or groups to achieve a common goal or objective.

Management Function

Key activities such as planning, organizing, leading, and controlling that managers perform to efficiently and effectively coordinate the use of resources to achieve organizational goals.