The Following Information Was Obtained from the Records of the First

question 14

Multiple Choice

The following information was obtained from the records of the first processing department of Keith Manufacturing Company for the month of February. The company uses the FIFO method in its process costing system.
$\begin{array}{|l|r|r|}\hline & \text { Number of Units } & \begin{array}{r}\text { Labour and overhead } \\\text { percentage complete }\end{array} \\\hline \begin{array}{l}\text { Work in process inventory, } \\\text { February 1 }\end{array} & 15,000 & 30 \% \\\hline \begin{array}{l}\text { Started in assembly during } \\\text { the month }\end{array} & 60,000 & \\\hline \begin{array}{l}\text { Work in process inventory, } \\\text { February 28 }\end{array} & 20,000 & 20 \% \\\hline\end{array}$

All materials are added at the beginning of the manufacturing process.

- What are the equivalent units of production for material for the month?

• A) 50,000 units.
• B) 60,000 units.
• C) 54,500 units.
• D) 75,000 units.

---

Definitions:

Intron

Intervening sequence found between exons in mRNA; removed by RNA processing before translation.

Exon

Segment of mRNA containing the protein-coding portion of a gene that remains within the mRNA after splicing has occurred.

Adenine

One of the four nucleobase molecules in DNA and RNA, which pairs with thymine in DNA or uracil in RNA and is a fundamental component of genetic coding.

Thymine

A nitrogenous base found in DNA, pairing with adenine through hydrogen bonds.