In a Process with 800 Units of Beginning Work in Process

question 5

Multiple Choice

In a process with 800 units of beginning Work in Process, the company completed and transferred out 10,000 units during a period.There were 5,000 units in the ending Work in Process that were 50% complete as to conversion costs.Materials are added 80% at the beginning of the process and 20% when the units are 90% complete.How much is equivalent units of production for the period for material costs if the weighted-average method is used?

• A)12,000 equivalent units
• B)15,000 equivalent units
• C)11,000 equivalent units
• D)14,000 equivalent units

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Definitions:

Confirmation Bias

The tendency to interpret new evidence as confirmation of one's existing beliefs or theories.

Frames

A structure for organizing or enclosing something, often used metaphorically to describe conceptual boundaries or perspectives.

Preferences

Individual likings or choices among various options or alternatives.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I knew it all along" phenomenon.