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:

Par

Par value, often referred to simply as "par," is the face value of a bond or the stock value stated in the corporate charter, not necessarily its market value.

Bond Prices

The amount of money for which bonds are bought and sold in the market, influenced by factors such as interest rates, supply, and demand.

Interest Rates

The expense incurred by a borrower, quantified as a percentage of the principal, for accessing a lender's assets.

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.