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:

Individual Files

Distinct digital documents or pieces of data that are stored separately on a computer or storage device.

Grouped

Refers to items that are organized together based on common attributes or criteria within a software or database.

Date Loaded

The specific date when data was imported or entered into a system or database.

Groove Music app

A digital music streaming service and application by Microsoft, offering a wide range of music catalogues.