Data Related to Alpha, Inc Materials Are Added at the Beginning of the Process

question 11

Multiple Choice

Data related to Alpha, Inc., for the month of June follows: $\begin{array}{lr}& \text { Units }\\\text { Work in process (WIP) , June 1 (40\% complete) } & 16,000\\\text { Started in June } & 80,000 \\\text { Work in process, June } 30 &24,000\\\end{array}$
Materials are added at the beginning of the process.
If equivalent units of production for conversion using the weighted average method were 79,200 units, ending work in process on June 30 must have been:

• A)70.5 percent complete.
• B)30.0 percent complete.
• C)45.0 percent complete.
• D)25.5 percent complete.

---

Definitions:

Return on Assets Ratio

A measure of profitability that indicates how efficiently a company is using its assets to generate earnings.

Chief Financial Officer

The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, overseeing financial planning, and reporting on financial performance.

Securities & Exchange Commission

A federal agency responsible for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges.