Use the Following Data from a Company Using a Process

question 19

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 Process 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 conversion costs during the month totaled

• A) 8,020.
• B) 7,780.
• C) 6,980.
• D) 5,980.

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Definitions:

Compass Sense

An ability observed in some animals, allowing them to navigate using Earth's magnetic field.

Map Sense

An inherent ability to understand and navigate the spatial environment, often used in reference to animals or humans who can orient themselves without explicit landmarks.

Polygyny

A mating system in which one male mates with multiple females, often found in animal societies.

Intersexual Selection

A form of natural selection in which individuals of one sex (usually females) choose mates from the opposite sex based on certain desirable traits, affecting the fitness of individuals.