Cohen Manufacturing Is Trying to Determine the Equivalent Units for Conversion

question 44

Multiple Choice

Cohen Manufacturing is trying to determine the equivalent units for conversion costs with 2,000 units of ending Work in Process at 80% completion and 14,000 physical units that are 100% complete as to materials.There are no beginning units in the department.Materials are added at the beginning of the process, and conversion costs occur evenly throughout the entire production period.What are the equivalent units for conversion costs for the current period if the weighted-average method is used?

• A)16,000
• B)15,600
• C)1,600
• D)13,600

Understand the criteria used for identifying the Big Five personality traits.

Comprehend the implications of high and low scores on each of the Big Five dimensions.

Recognize the relationship between personality traits and behaviors or tendencies.

Understand the developmental and theoretical basis for selecting the Big Five as primary dimensions of personality.

---

Definitions:

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the decrease in value due to wear and tear over time.

Cost of Goods Sold

The immediate expenses related to the manufacturing of products which a business sells, covering materials and workforce.

Depreciation Expense

An accounting method to allocate the cost of a tangible or physical asset over its useful life.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue; often called the bottom line.