Macklin Products Uses Process Costing

question 23

Multiple Choice

Macklin Products uses process costing.Ending Work in Process inventory consists of 2,600 units that are 100% complete with respect to materials and 30% complete with respect to conversion costs.What are the equivalent units for materials and for conversion costs, respectively, in the ending Work in Process inventory of the Mixing Department?

• A)2,600 and 780 units
• B)780 and 2,600 units
• C)780 and 780 units
• D)2,600 and 2,600 units

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Definitions:

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The ethical obligation or responsibility of individuals and organizations to act for the benefit of society at large, promoting social welfare and fairness.

Crime

An act prohibited by the state; a public wrong.

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A contractual agreement where one party agrees to buy goods exclusively from another, often restricting competition.

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A person or company that is responsible for supplying goods to retailers or directly to customers.