FIFO Aluminium Processes a Single Type of Aluminium All Materials Are Added at the Beginning of the Production

question 254

Multiple Choice

FIFO Aluminium processes a single type of aluminium.During the current period the following information was given:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Units } } & \text { Material Costs } & \text { Conversion Costs } \\\hline \text { Beginning Inventory } & 3000 & \$ 4500 & \text { \$4800 } \\\hline \text { Started During the Curent Period } & 20000 & 48000 & 6 5 0 0 0 \\\hline \text { Ending Inventory } & 2500 & & \\\hline\end{array}$$
All materials are added at the beginning of the production process.The beginning inventory was 30% complete as to conversion,while the ending inventory was 40% completed for conversion purposes.
FIFO Aluminium uses the first-in,first-out system of process costing.
What were the costs assigned to the units transferred out this period (round equivalent unit cost to the nearest cent) ?

• A)$113 980
• B)$113 236
• C)$122 300
• D)$113 160

Differentiate between malignant and benign tumors based on their characteristics.

Understand the significance of cancer staging and its implications for treatment and prognosis.

Comprehend the role of genes in cancer development and progression.

Know the diagnostic procedures utilized in detecting and diagnosing cancers.

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Definitions:

Purchase Satisfaction

Gratification based on a product that supplies expected, or greater than expected, benefits.

Endless Chain Referral

A method in sales where a customer is asked to provide the names of other potential customers, creating a "chain" of referrals that can potentially lead to endless opportunities.

Prospecting

The process of searching for potential customers or clients to generate new business opportunities.

New Prospects

Potential customers who have been identified as having a probable interest in a product or service but have not yet made a purchase.