(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:

Unethical Behaviour

Actions that go against moral principles and professional standards, leading to negative outcomes.

Jeffrey Wigand

A former tobacco company executive known for whistleblowing about the industry's knowledge of the addictive nature of nicotine and health dangers of smoking.

Unethical Behaviour

Unethical Behaviour consists of actions that violate moral principles, professional guidelines, or established standards, often causing harm or disadvantage to others.

Conditioning

A type of learning process in which an individual's behavior is modified through reinforcement or punishment.