Oxyrom Company Uses the FIFO Method in Its Process Costing

question 61

Multiple Choice

Oxyrom Company uses the FIFO method in its process costing system.Operating data for the Brazing Department for the month of November appear below:
$\begin{array}{|l|r|r|}\hline & \text { Units } & \text { Percentage complete } \\\hline \begin{array}{l}\text { Beginning work in process } \\\text { inventory }\end{array} & 3,800 & 20 \% \\\hline \begin{array}{l}\text { Transferred in from the } \\\text { prior department during }\end{array} & 46,700 & \\\text { November }\\\hline\text { Completed and transferred }& 43,200 \\ \text { to the next department } \\\text { during November } & \\\hline \text { Ending work in process } & 7,300 & 80 \%\\\text { inventory } \\ \hline\end{array}$
What were the equivalent units of production for conversion costs in the Brazing Department for November?

• A) 49,040 units.
• B) 50,200 units.
• C) 43,200 units.
• D) 48,280 units.

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Definitions:

Collaborative Approach

A method of working together that involves mutual engagement of parties to achieve a common goal through sharing knowledge, learning, and building consensus.

Win-Lose Strategy

A strategy that allows one side of a conflict to win at the expense of another.

Lose-Lose Strategy

A conflict resolution outcome in which all parties end up being worse off than before they started negotiating.

Arbitration

A form of dispute resolution where a neutral third party (the arbitrator) makes a decision to resolve a dispute, typically binding on the parties.