The Fremont Company Uses the Weighted-Average Method in Its Process

question 23

Multiple Choice

The Fremont Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for November in a particular department. There were 6,000 units in the ending work-in-process inventory on November 30, 75% complete with respect to conversion costs. The November 1 work-in-process inventory consisted of 8,000 units, 50% complete with respect to conversion costs. A total of 25,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was:

• A) 24,500 units.
• B) 23,000 units.
• C) 27,000 units.
• D) 21,000 units.

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Definitions:

Hedonism

A philosophy that argues that the pursuit of pleasure and intrinsic goods are the primary or most important goals of human life.

Unforeseen

Situations or outcomes that were not anticipated or predicted.

Beyond Our Control

Refers to situations or events that cannot be influenced or directed by individuals due to external factors.

Stoicism

An ancient Greek philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.