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:

Recursive Method

A method that calls itself in order to solve a problem by breaking it down into smaller, more manageable tasks.

Binary Search

A search algorithm that finds the position of a target value within a sorted array by repeatedly dividing in half the portion of the list that could contain the target, thereby reducing the search area.

Iterative Method

A technique in programming and mathematics that involves repeatedly applying a set of operations to approximate a desired result or to traverse data structures.

Recursively Written

Describes a method or algorithm that calls itself within its own code.