A Process with No Beginning Work in Process Completed and Transferred

question 153

Multiple Choice

A process with no beginning work in process completed and transferred out 35000 units during a period and had 14000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for conversion costs?

• A) 42000 equivalent units.
• B) 49000 equivalent units.
• C) 56000 equivalent units.
• D) 28000 equivalent units.

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Definitions:

Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level and the total output produced by an economy.

Output Producers

Businesses or individuals that create goods or services for consumption.

Aggregate Demand Curve

A graphical representation showing the total demand for goods and services within a particular economy at different price levels.

Goods and Services

The output of an economy that includes both physical products and intangible activities offered for consumption.