(Appendix 4A)Marten Company Uses the FIFO Method in Its Process

question 119

Multiple Choice

(Appendix 4A) Marten Company uses the FIFO method in its process costing system.Operating data for the Casting Department for the month of September appear below:

According to the company's records,the conversion cost in beginning work-in-process inventory was $83,600 at the beginning of September.Additional conversion costs of $427,682 were incurred in the department during the month.
What would be the cost per equivalent unit for conversion costs for September on the Casting Department's production report? (Round off to three decimal places.)

• A) $5.498.
• B) $5.779.
• C) $5.620.
• D) $5.500.

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Definitions:

Spearman's Two-Factor

A theory proposing that intelligence consists of a general factor (g-factor) that influences overall cognitive ability and specific skills (s-factors) that relate to particular tasks.

Cognitive Gain Model

A theoretical framework that explains how certain interventions or experiences can lead to improvements in cognitive abilities over time.

Assimilation

The process by which a person or group becomes part of another culture by adopting its values and customs.

Accommodation

Adjustments or modifications made to environments or practices to support individuals’ needs, such as in education or workplaces.