Lincoln Company Had Beginning Work in Process Inventory of 5,000

question 38

Multiple Choice

Lincoln Company had beginning Work in Process Inventory of 5,000 units that were 40 percent complete as to conversion costs.Lincoln Company started and completed 42,000 units this period and had ending Work in Process Inventory of 12,000 units.How many units were started this period?

• A)42,000
• B)47,000
• C)54,000
• D)59,000

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Definitions:

Functional

Pertaining to the practical or utilitarian use of something, often emphasizing how something works or operates within a system or organization.

Independent

Free from external control or influence; capable of thinking or acting for oneself.

Synthetic Thinking

The ability to put together separate pieces of information, concepts, or ideas to form a cohesive whole or new insights.

Systems Theorists

Scholars who study the interrelated components of systems, focusing on how parts interact within a whole.