Physical Units Are 40,000

question 60

Multiple Choice

Physical units are 40,000.Total conversion costs are $197,500.There are 2,000 units in ending inventory which are 50% complete as to conversion costs.How much are conversion costs per unit if the weighted-average method is used?

• A)$5.06
• B)$4.93
• C)$9.88
• D)$5.19

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Definitions:

Complex Numbers

Numbers consisting of a real part and an imaginary part, usually expressed in the form a + bi, where 'a' and 'b' are real numbers and 'i' is the square root of -1.

Simplify

The process of reducing something to its basic or most straightforward form, often used in mathematics to reduce expressions or fractions.

Compound Interest

Interest calculated on the original principal and on previously calculated interest.

Simple Interest

Interest estimated only on the starting sum, not accounting for any compounding effects.