Department 1 of a Two Department Production Process Shows How Many Units Were Transferred Out to Department 2?
A)

question 182

Multiple Choice

Department 1 of a two department production process shows: $\begin{array}{lr}&\underline{\text { Units }}\\\text { Beginning Work in Process } & 10,000 \\\text { Ending Work in Process } & 50,000 \\\text { Total units to be accounted for } & 180,000\end{array}$
How many units were transferred out to Department 2?

• A) 50000.
• B) 130000.
• C) 180000.
• D) 170000.

Recognize the types of disclosures required by GAAP and the SEC in financial statements.

Identify and describe the components and format of the balance sheet.

Explain the inclusion and disclosure of post-reporting period events in the financial statements.

Discuss the limitations of the balance sheet in financial reporting.

---

Definitions:

Activity

Actions or engagements undertaken by individuals or groups, often measured or analyzed in contexts such as user behavior, fitness tracking, or project management.

Activity Measures

Metrics used to evaluate the level of action or engagement in a given context, such as website visits, clicks, or social media interactions.

Fans

Individuals who show strong support and enthusiasm for a particular person, group, team, or brand, often demonstrating loyalty and active interest in their activities or products.

Recommendations

Suggestions or advice given based on analysis or experience, often aimed at guiding decisions or actions.