Equivalent Units for Materials Total 9,000

question 30

Multiple Choice

Equivalent units for materials total 9,000.There were 7,000 units completed and transferred out.Equivalent units for conversion costs equal 8,000.How much are the physical units for conversion costs if ending Work in Process is 25% complete?

• A)3,750
• B)11,000
• C)8,000
• D)1,750

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Definitions:

Aggregate Demand

The total demand for goods and services within a particular market or economy at a given price level and period.

Equilibrium Output

The level of output where the quantity of goods produced equals the quantity of goods consumed, resulting in a stable economy.

Government Expenditure

The total amount of spending by a government on goods, services, and public works.

Output

The quantity of goods or services produced in a given period by a firm, industry, or country.