If Department K Had 2,000 Units, 40% Completed, in Process

question 54

Multiple Choice

If Department K had 2,000 units, 40% completed, in process at the beginning of the period, 12,000 units were completed during the period, and 1,200 units were 25% completed at the end of the period, what was the number of equivalent units of production for conversion costs for the period if the first-in, first-out method is used to cost inventories?

• A) 11,500
• B) 11,200
• C) 15,200
• D) 10,000

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Definitions:

Denseness

In mathematics, it pertains to the property where every part of a given space is arbitrarily close to some element of a specific subset.

SPSS

A comprehensive software package used for statistical analysis, widely used in social science research for data management and analysis.

Fisher's LSD

A method developed by Ronald Fisher for performing multiple comparisons among means, typically used after an ANOVA to identify differences between pairs of means.

Type I Error

The incorrect rejection of a true null hypothesis in statistical hypothesis testing, also known as a "false positive."