Ely Company Had the Following Data for the Current Year

question 89

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.
-To find the unit cost of materials for a department using the FIFO method of process costing,by what figure would you divide the total cost of materials issued to the department during the year?

• A)units in process
• B)units started and completed
• C)total units manufactured
• D)equivalent units of output

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Definitions:

Phratry

A social unit in some societies, larger than a family but smaller than a tribe, often consisting of several clans or other kin groups.

Clan

A group of people united by actual or perceived kinship and descent, often sharing a common ancestor.

Iroquois Terminology

Iroquois terminology consists of words, phrases, and concepts specific to the Iroquois, a group of Indigenous peoples of North America known for their political confederacy and impactful cultural practices.

Mother's Brother

in anthropology, emphasizes the role of a mother's brother (maternal uncle) in kinship systems, which can vary in importance and function across different cultures.