Cargin Company Uses the FIFO Method in Its Process Costing

question 29

Multiple Choice

Cargin Company uses the FIFO method in its process costing system.The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs.An additional 71,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.There were 9,000 units in the ending work in process inventory of the Assembly Department that were 30% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A)77,000
• B)79,700
• C)65,000
• D)72,200

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Definitions:

Phobic Disorders

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Type of Therapy

A specific approach or technique used to treat psychological disorders and to promote mental health.

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Time Out

A disciplinary technique used to remove a child from an environment where inappropriate behavior has occurred, to encourage reflection and calm down.