Intask Corporation Uses the FIFO Method in Its Process Costing

question 78

Multiple Choice

Intask Corporation uses the FIFO method in its process costing system.Beginning inventory in the mixing department consisted of 6,000 units that were 75% complete with respect to conversion costs.Ending work in process inventory consisted of 5,000 units that were 60% complete with respect to conversion costs.If 12,000 units were transferred to the next processing department during the period,the equivalent units of production for conversion cost would be:

• A) 12,500 units
• B) 10,500 units
• C) 13,500 units
• D) 13,000 units

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Definitions:

Receptor-Mediated Endocytosis

A type of endocytosis in which extracellular molecules become bound to specific receptors on the cell surface and then enter the cytoplasm enclosed in vesicles. Compare with phagocytosis and pinocytosis.

Membrane-Bound Enzymes

Enzymes that are attached to or associated with a cell membrane, playing crucial roles in various cellular processes.

Signal Transduction

A process in which a cell converts and amplifies an extracellular signal into an intracellular signal that affects some function in the cell. Also see cell signaling.

ATP

Abbreviation for adenosine triphosphate, a molecule that stores and transmits chemical energy within cells, vital for many cellular processes.