Multiple Choice
Higgins Labs Inc., uses a process costing system. The following data are available for one department for October: 
The department started 45,000 units into production during the month and completed and transferred 50,000 units to the next department. Assuming the FIFO method is used, the equivalent units for conversion for October would be:
A) 50,500 units
B) 50,000 units
C) 44,500 units
D) 48,000 units
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Carson Corporation uses the FIFO method in
Q13: Marlan Manufacturing produces a product that passes
Q14: Mottai Corporation uses the FIFO method in
Q16: The following information was obtained from the
Q17: Toefield Corporation uses the FIFO method in
Q18: Muzyka Corporation uses the FIFO method in
Q19: Laurie Corporation uses the FIFO method in
Q20: Farwest Inc. uses the FIFO method in
Q42: There is no difference in the unit
Q48: If the FIFO cost method is used