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 material for October would be:
A) 55,000 units
B) 46,500 units
C) 44,500 units
D) 48,000 units
Correct Answer:

Verified
Correct Answer:
Verified
Q61: The equivalent units of production will be
Q66: In the cost reconciliation report under the
Q72: Garson Corporation uses the FIFO method in
Q73: Darver Inc.uses the FIFO method in its
Q76: Nouri Corporation uses the FIFO method in
Q76: In April, one of the processing departments
Q77: Overhill Corporation uses the FIFO method in
Q78: Easy Inc.uses the FIFO method in its
Q79: The following information was obtained from the
Q80: Marten Corporation uses the FIFO method in