Que Corporation Uses the FIFO Method in Its Process Costing

question 52

Multiple Choice

Que Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the month of March appear below: According to the company's records, the conversion cost in beginning work in process inventory was $3,705 at the beginning of March.Additional conversion costs of $210,213 were incurred in the department during the month. The cost per equivalent unit for conversion costs for March is closest to:

• A)$3.686
• B)$1.677
• C)$1.756
• D)$1.840

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Definitions:

Culturally Disapproved

Activities or behaviors that are not accepted or are frowned upon by a particular culture or society.

Windigo Psychosis

A cultural syndrome found among native communities in North America, particularly among Algonquian peoples, characterized by an intense craving for human flesh and fear of becoming a cannibalistic monster.

Paranoid Schizophrenia

A sub-type of schizophrenia characterized by pronounced delusions or auditory hallucinations, often involving themes of persecution or grandiosity, with relatively preserved cognitive functioning.

Delusional System

A fixed, false belief or set of beliefs that are strongly held despite contradictory evidence, often associated with psychiatric disorders.