Use the Following Data from a Company Using a Process

question 32

Multiple Choice

Use the following data from a company using a process costing system to answer the question(s) below. Beginning Work in Process Inventory on June 1 :
1,000 units - 100 percent complete as to direct materials 80 percent complete as to conversion costs

Units Started During June:
6,500 units

Ending Work in Pracess Inventory on June 30: 1,200 units - 100 percent complete as to direct materials 40 percent complete as to conversion costs The FIFO process costing method is used by the company.
Equivalent units for direct materials during the month totaled

• A) 6,500.
• B) 8,700.
• C) 6,700.
• D) 7,700.

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Definitions:

Candidate's Strength

The unique qualities or abilities that a job applicant possesses, making them a suitable match for a specific role.

Combination Format

A type of resume or document layout that merges elements of both chronological and functional formats, highlighting relevant skills while detailing work history.

Employment History

A record of a person's previous job positions, responsibilities, and duration of employment.

Capabilities

The skills, resources, and abilities that enable an individual or organization to perform effectively and achieve their goals.