If Equivalent Units Are 15000 for Conversion Costs and Units

question 57

Multiple Choice

If equivalent units are 15000 for conversion costs and units transferred out equals 10000 what stage of completion should the ending work in process be for the 20000 units remaining?

• A) 75%.
• B) 25%.
• C) 10%.
• D) 20%.

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Definitions:

Relative to Demand

This refers to how the availability or desire for a product or service is influenced by consumer demand.

Price Controls

Government-imposed limitations on the prices that can be charged for goods and services in a market.

Energy Products

Energy products refer to commodities used for generating power, such as petroleum, natural gas, coal, and renewable energy sources.

Consumption

The process through which goods and services are used up or utilized.