Carver Corporation Uses the FIFO Method in Its Process Costing

question 84

Multiple Choice

Carver Corporation uses the FIFO method in its process costing system.The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs.An additional 66,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.There were 9,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units of production for conversion costs in the Assembly Department for the month?

• A) 59,000
• B) 62,300
• C) 63,500
• D) 73,000

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Definitions:

Smoking Behavior

Patterns and habits related to the consumption of tobacco products, influenced by a combination of psychological, social, and biological factors.

Littering Behavior

This refers to the actions or tendencies of individuals to dispose of waste materials improperly in public places, leading to environmental pollution and degradation.

High Choice Condition

A situation where individuals are presented with several options, allowing for a high degree of autonomy in making a decision.

Mandatory Condition

A required state or set of circumstances that must be met before a certain event can occur.