A Process with 800 Units of Beginning Work in Process

question 128

Multiple Choice

A process with 800 units of beginning Work in Process.Completed and transferred out were 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:

Deep Recession

An exceptionally severe period of economic decline characterized by a significant decrease in economic activity across multiple sectors of the economy.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a given year in real terms.

Keynesian View

A perspective in economics based on the ideas of John Maynard Keynes, suggesting that aggregate demand is the primary driving force in an economy, and advocating for active government intervention to manage economic cycles.

Macroeconomic Equilibrium

A state where aggregate supply equals aggregate demand, leading to a stable economy.