Gloria Company Had No Beginning Work in Process

question 49

Multiple Choice

Gloria Company had no beginning work in process. During the period 16000 units were completed and there were 1200 units of ending work in process. How many units were started into production?

• A) 17200.
• B) 16000.
• C) 14800.
• D) 1200.

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Definitions:

Unexpired Insurance

The portion of an insurance premium that has not yet expired or been used and is considered a prepaid expense.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Equipment

Tangible property or assets, excluding real estate and vehicles, used in the operation of a business to produce goods or services.

Unearned Revenue

Money received by a company for goods or services yet to be delivered or provided, recorded as a liability.