Multiple Choice
Galos Corporation uses the FIFO method in its process costing system.The Grinding Department started the month with 3,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs.An additional 82,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department.During the month 74,000 units were completed in the Grinding Department and transferred to the next processing department.There were 11,000 units in the ending work in process inventory of the Grinding Department that were 10% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Grinding Department for the month?
A) 74,000
B) 75,100
C) 90,000
D) 73,000
Correct Answer:
Verified
Correct Answer:
Verified
Q26: In October,one of the processing departments at
Q27: Elard Company uses the FIFO method in
Q28: In February, one of the processing departments
Q29: Cargin Company uses the FIFO method in
Q30: The equivalent units in the ending work
Q32: Dita Company uses a process costing system.The
Q33: Morvan Corporation uses the FIFO method in
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.