Solved

Ebis Corporation Uses the FIFO Method in Its Process Costing

question 29

Multiple Choice

Ebis Corporation uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 13,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $12,610. An additional 89,000 units were started into production during the month. There were 22,000 units in the ending work in process inventory of the Welding Department that were 30% complete with respect to conversion costs. A total of $806,085 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs is closest to:

Definitions:

Electrical Stimulation of the Brain (ESB)

A neuroscientific technique involving the application of electrical currents to specific areas of the brain to study behaviors, sensations, and neurological functions.

Positron Emission Tomography (PET)

A nuclear medicine functional imaging technique that is used to observe metabolic processes in the body as an aid to the diagnosis of disease.

Stereotaxic Lesioning

A surgical method used in neuroscience to damage specific areas of the brain in a controlled manner to study behavioral effects.

Computerized Tomography (CT)

A medical imaging procedure that produces cross-sectional images of the body using X-rays and a computer.