During November,the Production Department of a Process Operations System Completed

question 46

Multiple Choice

During November,the production department of a process operations system completed and transferred to finished goods 35,000 units that were in process at the beginning of November and 110,000 units that were started and completed in November.November's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion.At the end of November,40,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion.Compute the number of equivalent units with respect to materials for November using the weighted-average method.

• A)145,000.
• B)40,000.
• C)105,000.
• D)112,000.
• E)185,000.

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Definitions:

Significant Decline

A substantial reduction in value or quantity over a period, often used to describe a marked drop in financial markets, asset values, or economic conditions.

Equity Method

An accounting technique used by companies to assess the profits earned through their investments in other companies.

Fair Value

The remuneration for divesting an asset or the compensation needed to transfer a liability in an orderly market exchange at the calendar mark for assessment.

Temporary Decline

A short-term decrease in the value or performance of an asset or market, expected to recover over time.