Materials Are Added at the Beginning of a Process in a Process

question 2

Multiple Choice

Materials are added at the beginning of a process in a process costing system.The beginning Work-in-Process Inventory was 30% complete as to conversion costs.Using first-in,first-out (FIFO) process costing,the total equivalent units for material are:

• A) beginning inventory this period for this process.
• B) units started this period in this process.
• C) units started this period in this process plus the beginning inventory.
• D) units started this period in this process plus 70% of the beginning inventory this perioD.
• When all the material is added at the start of the process it doesn't matter when the units were started or where they are,they all contain 100% material even if they are spoileD.

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Definitions:

Right Impression

The act of presenting oneself in a manner that is perceived positively or as intended by others.

Fraudulent Misrepresentation

(1) The tort that occurs when a misrepresentation is made with intent to facilitate personal gain and with the knowledge that it is false. (2) In contracts, a false representation of a material fact that is consciously false and is intended to mislead the other party. Also called intentional misrepresentation.

Intent To Deceive

The deliberate intention to mislead or trick someone into believing something that is not true.

Nondisclosure

The failure to provide pertinent information about a projected contract.