Beginning Work in Process Consists of 7,000 Units, 55% Complete

question 67

Multiple Choice

Beginning work in process consists of 7,000 units, 55% complete. 50,000 units were started and ending work in process is 5,000 units, 25% complete. Normal spoilage is equal to 10% of the units inspected. The inspection point occurs at the 20% point and 7,000 units were rejected. Direct materials are added at the 50% point, direct labour at 30% and overhead is applied uniformly. The costs per equivalent unit are: direct material $1.00; direct labour $1.50; overhead $2.00.
The number of units completed is:

• A) 45,000
• B) 47,000
• C) 50,000
• D) 57,000

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Definitions:

Artificial Intelligence

Artificial intelligence refers to the simulation of human intelligence in machines that are programmed to think and learn like humans.

Machine Learning

A subset of artificial intelligence that focuses on building systems that learn from and make decisions based on data.

ANN

Artificial Neural Network, a computing system inspired by the neural networks that constitute animal brains, designed to pattern its way of processing information after how humans think and learn.

Desired Result

The intended or sought after outcome of a process or action, often used as a benchmark for success or quality in projects.