Loganbery Corporation Produces a Product That Passes Through Two Processes $1 / 3$

question 109

Multiple Choice

Loganbery Corporation produces a product that passes through two processes. During January, the first department transferred 20,000 units to the second department. The cost of the units transferred was $60,000. Materials are added uniformly in the second process. The following information is provided about the first department's operations during January: Units, beginning work in process ( $1 / 3$ complete) $\quad 6,000$
Units, ending work in process ( $1 / 2$ complete) $\quad 4,000$ The equivalent units for those transferred in from the prior department using weighted average is

• A)16,000 units.
• B)20,000 units.
• C)14,000 units.
• D)26,000 units.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at various prices.

Income

Income refers to the financial earnings someone acquires regularly either from performing work or making investments.

Optimal Consumption Bundle

A combination of goods and services that maximizes a consumer's satisfaction or utility, given their income and the prices of goods and services.

Normal Good

A type of good for which demand increases as consumers' income increases, and vice versa.