Carson Corporation Uses the FIFO Method in Its Process Costing

question 10

Multiple Choice

Carson Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 6,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. An additional 74,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 8,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A)72,000
• B)75,600
• C)76,000
• D)76,800

---

Definitions:

Jurisdictional Dispute

A disagreement stemming from the question of which court or administrative body has the legal authority to preside over a particular case or issue.

Recognition Dispute

A disagreement arising from the failure to acknowledge or accept the status, rights, or conditions of a party in a legal or formal context.

Bargaining Process

The negotiation between parties, such as unions and employers, to reach agreement on terms of employment.

Good Faith

The honest intent to act without taking an unfair advantage over another party, often required in contractual agreements.