Sanchez, Inc

question 124

Multiple Choice

Sanchez, Inc. uses process costing. Equivalent units for its Molding Department totaled 18,600 during January for conversion costs. 15,000 units were transferred out of the Molding Department to the Finishing Department during the month. If the items remaining in ending Work in Process inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are there in ending Work in Process inventory in the Molding Department?

• A) 24,000 units
• B) 15,000 units
• C) 4,500 units
• D) 9,000 units

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Definitions:

Techniques

Methods or ways of doing something, often involving a specific set of skills or processes.

Project Risk

Project risk refers to the potential events or conditions that could impact a project's objectives, timeline, or resources negatively if they occur.

Risk Analysis

The process of identifying, assessing, and prioritizing risks to the project and planning for potential mitigation.

Industry Type

Classifications of various sectors of the economy based on the primary activity they engage in, such as manufacturing, services, or technology.