The Finishing Department Had 5,000 Incomplete Units in Its Beginning

question 44

Multiple Choice

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.
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How many units were transferred-out during the period?

• A) 12,000.
• B) 13,000.
• C) 18,000.
• D) 20,000.

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Definitions:

Smooth Endoplasmic Reticulum

A network of tubular membranes within cells, involved in lipid synthesis, metabolism, and calcium ion storage, lacking ribosomes.

Metabolic Rate

The rate at which the body expends energy or burns calories, crucial for maintaining bodily functions and activities.

Protein Synthesis

The process by which cells construct proteins, directed by the genetic information carried in DNA and facilitated by ribosomes.

Gene Action

The process by which genes are expressed as observable traits, involving transcription, translation, and the subsequent functioning of proteins.