Williams Corporation Uses the FIFO Method in Its Process Costing

question 33

Multiple Choice

Williams Corporation uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to conversion costs. The total cost in the beginning work in process inventory was $48,200. During the month, 25,000 units were transferred out of the department. The costs per equivalent unit were computed to be $3.10 for materials and $4.50 for conversion costs. The total cost of the units completed and transferred out of the department was:

• A)$190,000
• B)$189,200
• C)$180,200
• D)$132,000

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Definitions:

Lens

A piece of glass or other transparent material shaped to concentrate or disperse light rays, used in glasses, cameras, and various optical instruments.

Light

Electromagnetic radiation that is visible to the human eye and is responsible for the sense of sight, as well as having applications in technology and communication.

Retina

The light-sensitive layer at the back of the eye that captures images and sends them to the brain via the optic nerve.

Bending

The action or process of physically deforming a material, object, or part of the body by applying force.