McGill Manufacturing Had 900 Units in Its Work in Process

question 26

Multiple Choice

McGill Manufacturing had 900 units in its work in process inventory at the beginning of a month.Of these units,40 percent were complete with respect to labor,and 100% complete with respect to materials,and overhead.The firm transferred 4,000 units to the finished goods inventory during the month.It had 600 units of which 30 percent were complete and still in process at the end of the month.Equivalent production for the month was

• A) 4,600 units.
• B) 4,420 units.
• C) 4,240 units.
• D) 4,180 units.

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Definitions:

Modernization Theory

A perspective that views the process of societal change towards adopting the characteristics of industrialized societies as inevitable and positive, associating it with economic growth and development.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production.

Prostitution

Prostitution involves engaging in sexual activity with someone for payment. It is considered illegal in many jurisdictions.