Miramar, Inc

question 47

Multiple Choice

Miramar, Inc. uses a weighted-average process costing system which recognizes normal spoilage as 5% of good output. During the current period, 14,000 units were started and 10,000 units completed. Materials are added at the beginning of the process, conversion costs occur uniformly, and the inspection point is at the 70% point. Beginning work in process was 6,000 units, 40% complete, and ending work in process 9,000 units, 80% complete. The cost per equivalent unit for material was $1.00 and for conversion costs $3.00.
The number of equivalent units of conversion costs was:

• A) 17,200
• B) 19,700
• C) 20,000
• D) 17,900

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Definitions:

Major Active Ingredient

The component of a substance, usually a drug, that is primarily responsible for its effects on the body or mind.

Marijuana

A drug with mind-altering properties derived from the Cannabis plant, utilized either for health-related or leisure activities.

Nicotine

A stimulant and active ingredient found in tobacco, responsible for its addictive properties.

Near-death Experiences

Profound psychological events that may occur to a person close to death or in situations of extreme physical or emotional crisis.