Direct Materials for 8,000 Units Were Added at the Beginning

question 111

Multiple Choice

Direct materials for 8,000 units were added at the beginning of the second process during November. During the month, 8,300 units were completed and transferred to the third process. On November 1, there were 600 units in beginning inventory, and on November 30, there were 300 units still remaining in the process. Compute the equivalent units for direct materials for the second process for November using the FIFO costing method.

• A) 8,600
• B) 8,000
• C) 8,300
• D) 8,900

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Definitions:

Present Value

Present value is a financial concept that involves determining the current worth of a future sum of money or stream of cash flows given a specific rate of return.

Second Class of Stock

A category of shares that have different rights and privileges than the primary class of stock in a company, often with different voting or dividend rights.

Unequal Voting Rights

A situation where shares are divided into classes, each with varying degrees of voting power in the company's decisions.

Lower Priority

A status indicating that a task or obligation is considered less important or urgent compared to others and can be addressed or fulfilled later.