Figure 6-6

question 139

Multiple Choice

Figure 6-6. The Martin Company uses the weighted average method.The beginning work in process consists of 6,000 units (100% completed as to materials and 50% complete as to conversion costs) .The number of units completed was 120,000.The ending work in process consists of 10,000 units (100% complete as to materials and 20% complete as to conversion costs) .
Refer to Figure 6-6.What are the equivalent units of production for conversion costs?

• A)120,000
• B)132,000
• C)122,000
• D)135,000

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Definitions:

Ultimate Consumers

Refers to the end-users or buyers who purchase products or services for personal use and not for manufacturing or resale.

Organizational Buyers

Businesses, governments, or institutions that purchase goods or services for use in the production of other goods and services, for resale, or for the organization’s operations.

Reseller Market

A market wherein goods or services are purchased for the purpose of resale rather than personal use.

Government Market

A market segment where the main customer is any government entity, purchasing products or services for public service.