Sigman Co's Inventories in Process Were at the Following Stages of of Completion

question 52

Multiple Choice

Sigman Co.'s inventories in process were at the following stages of completion at April 30:
$\begin{array}{|c|c|}\hline \text { No. of Units } & \text { Percent Complete } \\\hline 100 & 90 \\\hline 50 & 80 \\\hline 200 & 10 \\\hline\end{array}$

Equivalent units of production in ending inventory amounted to: (CPA adapted)

• A) 150.
• B) 180.
• C) 330.
• D) 350.

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Definitions:

Consumer Goods

Products and commodities purchased for personal or household use.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across the states.

Title Warranties

Legal guarantees in a sale that the seller has the right to transfer ownership and that there are no undisclosed encumbrances.

Implied Warranty

An unwritten guarantee that the product or service sold is fit for the purpose intended and meets the buyer's expectations.