The Following Unit Data Were Assembled for the Heating Process

question 50

Multiple Choice

The following unit data were assembled for the heating process of Morgan Processing, Inc., for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method. $\begin{array}{|l|l|}\hline & \text { Units } \\\hline \begin{array}{l}\text { Beginning work in process inventory } \\\text { (30 percent complete) }\end{array} & 5,000 \\\hline \text { Units started in August } & 44,000 \\\hline \begin{array}{l}\text { Ending work in process } \\\text { (60 percent complete) }\end{array} & 4,500 \\\hline\end{array}$
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The number of equivalent units produced with respect to conversion costs is

• A) 43,700.
• B) 45,700.
• C) 48,200.
• D) 50,200.

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Definitions:

Finished Products

Goods that have completed the manufacturing process and are ready for sale or distribution to customers.

5Ss

A workplace organization methodology focusing on standardizing procedures and optimizing cleanliness and order, originating from five Japanese terms: Seiri, Seiton, Seiso, Seiketsu, and Shitsuke.

Lean Operations

Eliminate waste through a focus on exactly what the customer wants.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or organization.