The Following Data Were Taken from the Accounting Records of a Company

question 115

Multiple Choice

The following data were taken from the accounting records of a company that uses the FIFO method in its process costing system: Beginning work in process inventory: 20,000 units (materials 100% complete,conversion costs 60% complete)
Started in process during the period: 80,000 units
Ending work in process inventory: 30,000 units (materials 100% complete,conversion
Costs 70% complete)
The equivalent units are

• A) materials, 90,000 units; conversion costs, 89,000 units.
• B) materials, 100,000 units; conversion costs, 91,000 units.
• C) materials, 60,000 units; conversion costs, 53,000 units.
• D) materials, 80,000 units; conversion costs, 79,000 units.

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Definitions:

Work-Life Balance

The equilibrium between personal life and employment commitments, where neither is overly prioritized at the expense of the other.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that interfere with an individual's work performance or create a hostile or offensive work environment.

Prompt Investigation

A swift and thorough examination or inquiry conducted to gather facts, especially in response to an incident or allegation.

Publicity

The act of publicizing or promoting someone or something, typically through media coverage to gain public attention.