Beginning Inventory for the Month Contained 2,000 Units That Were

question 51

Multiple Choice

Beginning inventory for the month contained 2,000 units that were 70 per cent complete with respect to materials. During the month, 60,000 units were completed and transferred out. Ending inventory contained 3,000 units, 20 per cent complete with respect to materials. The weighted average equivalent units of production for materials for the month would be

• A)62,400
• B)63,000
• C)60,600
• D)60,000

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Definitions:

Willpower

The ability to resist short-term temptations in order to meet long-term goals.

Systematic Error

Errors in measurement that are consistent, predictable, and typically caused by faulty equipment or bias, which can lead to inaccuracies in data collection or analysis.

Overspends

The act of spending more money than is budgeted or considered financially wise.

Constant Need

A requirement or demand that does not change over time.