Use the Following Data from a Company Using a Process

question 96

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.
Units completed and transferred out of the department during the month totaled

• A) 6,700.
• B) 6,500.
• C) 6,300.
• D) 5,300.

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Definitions:

Persuasion

The act of convincing someone to do or believe in something through reasoning or argument.

Abstract Nouns

Words that name qualities, concepts, or ideas rather than concrete objects, beings, or places.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated to fulfill basic needs before moving on to other, more advanced needs, culminating in self-actualization.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.