Salter Corporation Uses the FIFO Method in Its Process Costing

question 74

Multiple Choice

Salter Corporation uses the FIFO method in its process costing system. The company reported 25,000 equivalent units for materials last month. The company's beginning work in process inventory consisted of 6,000 units, 40% complete with respect to materials. The ending work in process inventory consisted of 4,000 units, 70% complete with respect to materials. The number of units started during the month was:

• A)25,400 units
• B)23,400 units
• C)22,600 units
• D)24,600 units

---

Definitions:

Property Damage

Physical harm or destruction to someone's property, diminishing its value or utility.

Private Nuisance

A disturbance or interference with an individual's use or enjoyment of their property, without trespassing onto the property.

Farm Animals

Domesticated animals raised in an agricultural setting to produce labor and commodities such as meat, eggs, and wool.

Music

An art form consisting of sound and silence, organized in time, often combining vocal or instrumental sounds for emotional expression, entertainment, or ceremonial purposes.