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

question 92

Multiple Choice

(Appendix 4A) Mukluk Company uses the FIFO method in its process costing system.The conversion cost for the month of April is $5.00 per equivalent unit,and the materials cost is $2.90 per equivalent unit.At the beginning of the month,1,000 units were in process,and 100% were complete with respect to materials and 30% were complete with respect to conversion,with a total cost at that point of $2,400.If these units are fully complete by the end of the month,what will be their total cost?

• A) $3,500.
• B) $3,900.
• C) $5,900.
• D) $8,000.

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Definitions:

Diamond Frame

The conventional design for bicycle frames, characterized by two triangles forming a diamond shape.

Twist Frame

A term possibly related to structures or vehicles that refers to a frame designed to accommodate or resist torsional forces or twisting motion.

Snowplow

A vehicle or device equipped with a large blade at the front used to remove snow from surfaces such as roads and driveways.

Shear Forces

Forces that cause parts of a material to slide past one another in opposite directions, related to the internal forces acting on a structure.