The Ending Work in Process Inventory in the Mixing Department

question 16

Multiple Choice

The ending Work in Process inventory in the Mixing Department contains 500 units that are 25% complete with respect to conversion costs.The beginning inventory of units totaled 350 units that were 40% complete with respect to conversion costs.During the period, 7,000 units were started.How many equivalent units for conversion costs are present in the ending inventory?

• A)6,850 units
• B)125 units
• C)6,975 units
• D)500 units

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Definitions:

Convertible Participating Bond

A type of bond that gives the holder the right to convert it into a specified number of shares of the issuing company and to participate in earnings beyond a specified amount.

Corporate Earnings

The profit a company makes after deducting its operating expenses and taxes, indicative of its financial health.

Adequacy

The sufficiency or appropriateness of something to fulfill a specific need, requirement, or condition.

Fraudulent

Involving deception, typically for personal gain or to damage another individual, often considered a white-collar crime.