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

question 121

Multiple Choice

(Appendix 4A) Herston Company uses the FIFO method in its process costing system.The beginning work-in-process inventory in a particular department consisted of 6,000 units,two-thirds complete with respect to conversion costs.During the month,42,000 units were started and 40,000 units were completed and transferred out of the department.The company had 40,000 equivalent units of production for conversion costs.Which of the following represents the ending work-in-process inventory in the department?

• A) 8,000 units,25% complete with respect to conversion costs.
• B) 0 units.
• C) 8,000 units,50% complete with respect to conversion costs.
• D) 4,000 units,100% complete with respect to conversion costs.

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Definitions:

Lateral Geniculate Nucleus

A part of the thalamus involved in the processing and relay of visual information from the retina to the visual cortex.

Fovea

A tiny pit located in the macula of the retina that provides the clearest vision of all.

Peripheral Vision

The area of vision that occurs outside the very center of gaze, enabling detection of objects and movement not directly in the line of sight.

Color-Blind

The inability or decreased ability to see color or distinguish color differences under normal lighting conditions.