Xeno, Inc Operates a Process Costing System and Uses the FIFO

question 19

Multiple Choice

Xeno, Inc. operates a process costing system and uses the FIFO method. Beginning work in process consists of 1,000 units, 30% complete. Ending work in process is 15% complete, and direct materials are added at the 20% point. The equivalent units of production for materials are 14,000 and for conversion costs are 18,000.
The number of units started this month was:

• A) 15,000
• B) 18,000
• C) 36,000
• D) 37,000

---

Definitions:

Dilemmas

Dilemmas are situations in which a difficult choice has to be made between two or more alternatives, especially equally undesirable ones.

Mutual Adjustment

A process in which parties involved continuously adapt and modify their behavior and strategies in response to the actions and decisions of others.

Negotiation Process

A systematic approach involving stages or steps to reach a mutually acceptable agreement between parties with differing interests.

Time Preferences

The degree to which individuals value present benefits over future gains or rewards.