Unit Manufacturing Company Had No Work in Process at the Beginning

question 70

Multiple Choice

Unit Manufacturing Company had no work in process at the beginning of a month.At the end of the month,600 units were still in process and were 40% complete.Equivalent production for the month was 5,240 units.How many units were transferred out of production to finished goods during the month?

• A) 5,240 units.
• B) 5,000 units.
• C) 4,760 units.
• D) 4,400 units.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed, which can be applied to income, property, sales, and other taxes.

Cash Expenses

Outflows of cash during a particular period for operational activities, excluding non-cash expenses like depreciation.

CCA Class

CCA Class, or Capital Cost Allowance Class, involves categorizing depreciable assets into classes for tax purposes in Canada, affecting the rate at which assets can be depreciated.

Operating Cash Flow

This represents the cash a company generates from its regular business operations, affecting the liquidity and overall health of the business.