Ely Company Had the Following Data for the Current Year

question 123

Multiple Choice

Ely Company had the following data for the current year:
$\begin{array}{llr} \text {Units in process at the begmning of the month } &4,000\\ \text { Units in process at the end of the month } &10,000\\ \text { Units started during the month} &40,000\end{array}$

Materials are added at the beginning of the process. Beginning work in process was 40 percent complete as to conversion. Ending work in process was 70 percent complete as to conversion.
-Refer to the figure.How many equivalent units for materials would there be using the FIFO method?

• A)30,000 units
• B)39,400 units
• C)40,000 units
• D)44,000 units

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Definitions:

Schwann Cells

A type of glial cell that myelinates the axons of the peripheral nervous system, enabling fast electrical impulses.

Nodes Of Ranvier

Gaps in the myelin sheath of axons that facilitate rapid signal transmission via saltatory conduction.

Hyperpolarization

A change in a cell's membrane potential, making it more negative, and thus further from initiating an action potential.

Inhibitory Postsynaptic Potential

A type of synaptic potential that makes a post-synaptic neuron less likely to generate an action potential, usually by making the inside of the neuron more negative.