Jones Company Uses a Weighted Average Process Costing System and Started

question 2

Multiple Choice

Jones Company uses a weighted average process costing system and started 30,000 units this month.Jones had 12,000 units that were 20 percent complete as to conversion costs in beginning Work in Process Inventory and 3,000 units that were 40 percent complete as to conversion costs in ending Work in Process Inventory.What are equivalent units for conversion costs?

• A)37,800
• B)40,200
• C)40,800
• D)42,000

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Definitions:

Social Change

The alteration of social structures, patterns of behavior, and cultural norms over time.

Informal Social Movements

Unofficial collective efforts by people to achieve a common goal, typically aimed at social change, which are less structured than formal organizations.

Privatize

The transfer of a business, industry, or service from public to private ownership and control.

Fad

A short-lived but enthusiastically embraced new cultural element.