Use the Following Data from a Company Using a Process

question 29

Multiple Choice

Use the following data from a company using a process costing system to answer the question 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:
6,400units

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 company uses average process costing method.
Equivalent units for conversion costs during the month totaled

• A) 7,920.
• B) 7,680.
• C) 6,680.
• D) 5,880.

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Definitions:

Endocrine System

A network of glands that produce and release hormones to regulate various body functions including metabolism, growth, and mood.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a surface within or outside the body.

Association Areas

Areas of the cerebral cortex that are not involved in primary motor or sensory functions; rather, they are involved in higher mental functions, such as learning, remembering, thinking, speaking, and integrating information.

Neural Networks

Computational models inspired by the human brain's network of neurons, used in machine learning and artificial intelligence for pattern recognition and data analysis.