Multiple Choice
Nader Inc.has the following information available: At the beginning of the period,there were 500 units in process that were 40 percent complete as to conversion costs and 100 percent complete as to direct materials costs.During the current period,4,300 units were started and completed.Ending inventory contained 320 units that were 80 percent complete as to conversion costs and 100 percent complete as to direct materials costs.(Assume that the company uses the FIFO costing method. )
-The equivalent units of production for direct materials and conversion costs,respectively,of Nader Inc.were
A) 5,120 for direct materials and 5,056 for conversion costs.
B) 4,480 for direct materials and 4,544 for conversion costs.
C) 4,120 for direct materials and 4,056 for conversion costs.
D) 4,620 for direct materials and 4,856 for conversion costs.
Correct Answer:

Verified
Correct Answer:
Verified
Q129: If 45,000 units of ending work in
Q130: One of the steps in preparing the
Q131: Process costing information can inform managers about
Q132: The product unit cost is the sum
Q133: Under the FIFO method,the equivalent units will
Q135: One reason for preparing a process cost
Q136: Information for the current month for Process
Q137: Regardless of beginning inventory levels,beginning inventory is
Q138: Process costing is applicable to production operations
Q139: Which of the following entities probably would