Wingfield, Inc

question 9

Multiple Choice

Wingfield, Inc.uses process costing.Ending Work in Process inventory in the Assembly Department consists of 700 units that are 50% complete with respect to conversion costs.The beginning inventory consisted of 2,000 units.During the month, 6,000 units were started.How many equivalent units will be used in the cost per equivalent unit calculation for conversion costs in the Assembly Department?

• A)7,650 units
• B)7,300 units
• C)8,000 units
• D)6,700 units

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Definitions:

Use of Cash

Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.

Inventory

The total value of a company's goods that are ready for sale, in the process of being produced, or used as raw materials.

Use of Cash

Refers to how a business or individual utilizes available cash resources, including operations, investments, and financing activities.

Inventory Holdings

Refers to the quantity and value of a company's stock of goods that are held awaiting sale.