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Process costing can be found in which of the following companies (industries)?

		Coca-Cola.
		Royal Dutch Shell Group (petroleum).
		Kimberly-Clark (paper products).
		Reichhold Chemical (chemicals).
		All of these answer choices are correct.

East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2016 are provided below:

	Tons of King Salmon	Percent Completed
		Materials	Conversion
Work-in-process inventory June 1	1,500	90	80
Work-in-process inventory June 30	2,800	60	40
Started processing during June	7,800

Total equivalent units for conversion under the FIFO method are calculated to be:

		6,560 equivalent units.
		8,180 equivalent units.
		6,420 equivalent units.
		7,140 equivalent units.
		7,320 equivalent units.

Giddings Pharmaceutical Company is a maker of drugs for high blood pressure and uses a process costing system. The following information pertains to the final department of Giddings's blockbuster drug called Solcax.

Beginning work-in-process (40% completed)	800	units
Transferred-in	4,000	units
Normal spoilage	400	units
Abnormal spoilage	200	units
Good units transferred out	3,600	units
Ending work-in-process (1/3 completed)	600	units
Conversion costs in beginning inventory	$2,560
Current conversion costs	$6,900

Giddings calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normal spoilage costs are reallocated to good units and abnormal spoilage costs are charged as a loss. The units of Solcax that are spoiled are the result of defects not discovered before inspection of finished units. Materials are added at the beginning of the process. Using the weighted-average method, answer the following question: What are the total conversion costs in ending inventory?

		$430.
		$500.
		$850.
		$1,150.

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