Jolly Company Uses the FIFO Method in Its Process Costing

question 50

Multiple Choice

Jolly Company uses the FIFO method in its process costing system. Beginning stock in the mixing processing center consisted of 4,000 units, 75% complete with respect to conversion costs. Ending work in process stock consisted of 3,000 units, 60% complete with respect to conversion costs. If 12,000 units were transferred to the next processing center during the period, the equivalent units for conversion costs would be

• A)13,200 units.
• B)10,800 units.
• C)12,000 units.
• D)13,000 units.

---

Definitions:

Ethical Behavior

Actions or conduct that adhere to accepted moral principles or standards in a society or profession.

Meeting Purpose

The specific reason or objective for which a meeting is convened, guiding its agenda and discussions.

Preparing Agenda

The process of organizing topics, objectives, and activities in a systematic order for a meeting or event.

Minutes of Meeting

Minutes of Meeting are the written or recorded documentation that captures the key points, decisions, and actions agreed upon by participants during a meeting.