Stephen Company Uses the FIFO Method in Its Process Costing

question 65

Multiple Choice

Stephen Company uses the FIFO method in its process costing system.Beginning inventory in the mixing department consisted of 5,000 units that were 65 percent complete with respect to conversion costs.Ending work in process inventory consisted of 5,000 units that were 70 percent complete with respect to conversion costs.If 12,000 units were transferred to the next processing department during the period,the equivalent units for conversion costs would be

• A)13,750 units.
• B)12,250 units.
• C)10,250 units.
• D)13,000 units.

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Definitions:

Global Managers

Individuals with expertise in navigating and managing business operations across diverse international markets.

Global Firm

A business entity that operates in multiple countries across the world, engaging in international trade or services.

Geocentric

Geocentric pertains to considering Earth as the center, or in business, it represents a global approach where policies and practices are applied universally across a multinational company, disregarding national boundaries.

Human Resources

The department within an organization that is responsible for managing employee-related functions, such as hiring, training, and benefits.