Onyemah Corporation Uses the FIFO Method in Its Process Costing

question 44

Multiple Choice

Onyemah Corporation uses the FIFO method in its process costing system.Operating data for the Brazing Department for the month of November appear below: What were the equivalent units of production for conversion costs in the Brazing Department for November?

• A)42,040
• B)39,120
• C)35,600
• D)39,400

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Definitions:

Hang-gliding

A recreational activity or sport where a person flies a light, non-motorized aircraft which is launched by leaping from a height.

Responsible

Being accountable or answerable for something within one’s power, control, or management.

Title Search

The process of examining public records to verify the legal ownership of property and determine if there are any claims or liens against it.

Standard of Care

The level of carefulness and caution expected from someone who has a responsibility to act carefully.