A Department Had 12,500 Units That Were 20% Complete in Beginning

question 135

Multiple Choice

A department had 12,500 units that were 20% complete in beginning Goods in Process Inventory.During the current period 60,000 units were transferred in.Ending Goods in Process Inventory was 15,000 units that were 70% complete.Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process.What are the equivalent units produced with respect to direct material?

• A) 65,500
• B) 57,500
• C) 37,000
• D) 47,500
• E) 68,000

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Definitions:

Fiedler's Contingency Theory

A leadership theory proposing that the effectiveness of a leader is contingent upon the match between the leader's style and the situation's demands.

Situational Favourableness

This term describes the degree to which a particular setting or context supports or enhances the potential for successful outcomes.

High LPC Leader

Refers to leaders who are highly person-oriented, prioritizing relationships and team members' welfare over task completion.

Fiedler's Contingency Theory

A leadership theory proposing that effective leadership is contingent upon the leader's style of interacting with their subordinates and the degree of control and influence in a situation.