Magic Wizard Inc

question 33

Multiple Choice

Magic Wizard Inc.uses the FIFO costing method in its process costing system.Beginning inventory in the mixing processing center consisted of 4,000 units,70 percent complete with respect to conversion costs.Ending work in process inventory consisted of 2,000 units,60 percent complete with respect to conversion costs.If 10,000 units were transferred to the next processing center during the period,the equivalent units for conversion costs would be

• A)6,000 units.
• B)8,400 units.
• C)10,400 units.
• D)2,400 units.

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Definitions:

Distinctive

Having unique or distinguishing characteristics that set something or someone apart from others.

Unusual

Anything that is not common, ordinary, or expected; deviating from what is typical or normal.

Stereotype Inconsistent

Information or behavior that contradicts common stereotypes or generalizations about a group.

Prototype

An early sample or model of a product used to test a concept or process or to act as a thing to be replicated or learned from.