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:

Project Story

A narrative or account that describes the journey of a project from its inception to completion, highlighting challenges, successes, and key milestones.

Cultural Differences

The variations in beliefs, behaviors, and norms observed among various groups, highly relevant in global interactions.

Stakeholders

Individuals or organizations that have an interest in or are affected by the outcome of a project.

Biological Reaction

A process by which living organisms respond to changes in their environment, involving biochemical pathways.