A Process with No Beginning Work in Process Completed and Transferred

question 153

Multiple Choice

A process with no beginning work in process completed and transferred out 35000 units during a period and had 14000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for conversion costs?

• A) 42000 equivalent units.
• B) 49000 equivalent units.
• C) 56000 equivalent units.
• D) 28000 equivalent units.

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Definitions:

Domestic Production

The total value of all goods and services produced within the borders of a country.

Exporting Industries

Industries that produce goods and services that are sold abroad.

Import-Competing Industries

Industries that produce goods and services that are also imported.

Deadweight Loss

The loss in total surplus that occurs whenever an action or a policy reduces the quantity transacted below the efficient market equilibrium quantity.