The Nichols Company Uses the Weighted-Average Method in Its Process

question 47

Multiple Choice

The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units of production for conversion costs for November in a particular department. There were 6,000 units in the ending work in process inventory on November 30, 75% complete with respect to conversion costs. The November 1 work in process inventory consisted of 8,000 units, 50% complete with respect to conversion costs. A total of 25,000 units were completed and transferred out
Of the department during the month. The number of units started during November in the department was?

• A)21,000 units.
• B)24,500 units.
• C)27,000 units.
• D)23,000 units.

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Definitions:

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or for their contributions to organizational success.

U.S. Labor

U.S. Labor refers to the workforce of the United States, including its structure, laws, regulations, and cultural dynamics that govern labor relations and employment practices.

Skills Availability

The extent to which necessary skills and competencies are accessible within a labor market to meet the demands of employers.

Migrants

Individuals who move from one region or country to another, often for reasons such as employment, better living conditions, or to escape conflict.