A Process with No Beginning Work in Process, Completed and Transferred

question 20

Multiple Choice

A process with no beginning Work in Process, completed and transferred out 10,000 units during a period and had 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 conversion costs if the FIFO method is used?

• A)12,000 equivalent units
• B)15,000 equivalent units
• C)11,000 equivalent units
• D)12,500 equivalent units

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Definitions:

Loanable Funds

Loanable funds denote the money available for borrowing in the financial markets, influenced by savings and demand for loans.

Demand Shifts

Changes in consumer desire or preference that cause the demand curve to move either to the right (increase) or left (decrease).

Real Exchange Rate

A measure that compares the relative price of a basket of goods in two different currencies, adjusted for inflation.

Surplus

The amount by which the quantity of a product or service available exceeds the quantity demanded at the current price.