Multiple Choice
Herston Company uses the FIFO method in its process costing system.The beginning work in process inventory in a particular department consisted of 6,000 units,two-thirds complete with respect to conversion costs.During the month,42,000 units were started and 40,000 units were completed and transferred out of the department.The company had 40,000 equivalent units for conversion costs.The ending work in process inventory in the department consisted of:
A) 8,000 units,25% complete with respect to conversion costs
B) 0 units
C) 8,000 units,50% complete with respect to conversion costs
D) 4,000 units,100% complete with respect to conversion costs
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Froment Inc.uses the FIFO method in its
Q35: Deluz Corporation uses the FIFO method in
Q36: Zippy Company has a process costing system.
Q37: Imbram Corporation uses the FIFO method in
Q38: Qdynamic Corporation uses the FIFO method in
Q40: The following data have been provided by
Q41: Zippy Company has a process costing system.
Q42: Nilgiri Corporation uses the FIFO method in
Q43: Bennett Company uses the FIFO method in
Q44: The activity in Nolan Company's Blending Department