The Winston Company Began the Period with No Units in Process

question 3

Multiple Choice

The Winston Company began the period with no units in process and 80,000 units in Finished Goods inventory.During the period they sold 280,000 units and also had the following at the end of the period: $\text {Finished goods (units) ........................... 40,000}$
$\text {Work-in-process (50\% conversion complete) .... 12,000}$ Equivalent units for the period totalled

• A)314,000.
• B)280,000.
• C)240,000.
• D)246,000.

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Definitions:

Surplus Cash

Excess funds that a company has after covering all its operational expenses, investments, and financial obligations.

Dividends

Distributions to shareholders from a corporation, often sourced from the entity's earnings.

Stock Dividend

A form of dividend payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Sufficient Cash

A financial state indicating that a business or individual possesses enough liquid assets to meet operational expenses and financial obligations.