Calhoun Productions Uses Process Costing

question 18

Multiple Choice

Calhoun Productions uses process costing.At the beginning of the month, there were 1,100 units in process in the Welding Department, 40% complete with respect to conversion costs.Materials are added at the beginning of the process.A total of 15,000 units were started during the month and there were 1,400 units in the ending Work in Process inventory that were 100% complete with respect to material and 30% complete with respect to conversion costs.How many units were completed during the month?

• A)14,700 units
• B)16,100 units
• C)11,900 units
• D)15,300 units

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Definitions:

Stable Industries

Sectors of the economy known for consistent demand and steady growth, often less affected by economic cycles.

Strategic Planning

The process of defining a direction for a company or organization by setting goals, devising strategies, and outlining resource allocation.

Operational Planning

The method of outlining strategic aims and targets to more immediate goals and targets, detailing significant milestones, criteria for success, and clarifying how or which part of a strategic plan will be implemented within a specific time frame of operations.

Financial Detail

Pertains to the specific, often numerical, information related to the financial aspects of a business or transaction, including revenues, costs, investments, and profitability metrics.