Zuniga, Inc

question 133

Multiple Choice

Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally: On May 1: Beginning inventories = 250 units, 40% complete
Direct materials costs = $1,250
Conversion costs = $1,356
Transferred-in costs = $2,560
During May: Direct materials costs incurred = $6,000
Conversion costs incurred = $17,013
On May 31: Ending Inventories = 350 units, 20% complete
Using the FIFO method, units transferred in and completed were:

• A)1,200
• B)1,100
• C)850
• D)1,450

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Definitions:

Electronegative Element

An electronegative element is an element that has a high tendency to attract electrons towards itself in a chemical bond.

NaOH

Sodium hydroxide, a strong base used in many industrial and chemical processes.

Oxygen

A chemical element with the symbol O and atomic number 8; it is a highly reactive nonmetal and an oxidizing agent that readily forms oxides with most elements as well as with other compounds.

Electron Orbitals

Regions in an atom where there is a high probability of finding electrons, with each orbital having a distinctive shape and energy level.