Use the Following Information to Answer Questions

question 1

Multiple Choice

Use the following information to answer questions
In the month of March, a department had 8,000 units in beginning Work in Process that were 75% complete.During March, 30,000 units were transferred into production from another department.At the end of March there were 2,000 units in ending Work in Process that were 75% complete.Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.The weighted-average method is used.
-How much are equivalent units of production for materials for March?

• A)42,000 equivalent units
• B)28,500 equivalent units
• C)37,500 equivalent units
• D)38,000 equivalent units

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Definitions:

Confidence Level

The probability with which a statistical estimate can be expected to contain the true parameter value.

Confidence Interval

A band of values calculated from sample statistics, expected to enclose the value of a yet-to-be-identified population parameter.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points deviate from the mean.

Confidence Interval

A collection of values from sample statistics, which is anticipated to capture the value of an obscure population parameter.