The Following Data Relate to the Blending Department of Tru-Color

question 49

Multiple Choice

The following data relate to the Blending Department of Tru-Color Paint Corporation for a recent month: All materials are added prior to the beginning of work in the Blending Department. Assuming Tru-Color Paint Corporation uses the FIFO method,the equivalent units for conversion costs would be:

• A)42,600
• B)44,400
• C)46,000
• D)54,000

---

Definitions:

Changes In Financial Position

Alterations in a company's financial standing due to operations, financing, or investing activities.

Ten-Year Bond

A debt security with a maturity of ten years from the date of issue, which pays interest periodically.

Financing Activities

Transactions that involve raising capital, repaying investors, and adjusting the capital structure of a company, as reported in the cash flow statement.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including cash equivalents.