Which of the Following Is Not Needed in Order to Calculate

question 112

Multiple Choice

Which of the following is not needed in order to calculate the cost per equivalent unit in process costing?

• A)Equivalent units in beginning Work in Process Inventory
• B)Cost added during the period
• C)Units completed and transferred out of the department
• D)Equivalent units in ending inventory

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Definitions:

Publicly Held Companies

Companies whose ownership is distributed among the general public through publicly traded shares or stocks.

Internal Control Environment

The overall attitude, awareness, and actions of directors, management, and personnel regarding internal controls and their importance in the organization.

Monitoring Policies

Procedures and guidelines established by an organization to systematically observe and assess the effectiveness of its policies and procedures.

Internal Control

Processes and procedures implemented by a business to safeguard its assets, ensure accurate and reliable financial reporting, promote efficiency, and ensure compliance with laws and regulations.