Equivalent Units for Materials Total 40000

question 169

Multiple Choice

Equivalent units for materials total 40000. There were 32000 units completed and transferred out. Equivalent units for conversion costs equal 36000. How much are the physical units for conversion costs if ending work in process is 50% complete?

• A) 36000.
• B) 40000.
• C) 8000.
• D) 32000.

---

Definitions:

Voting Shares

Shares that give the shareholder voting rights in company decisions, typically one vote per share.

Consolidated Financial Statements

Combined financial reporting documents that present the overall financial status of a parent company and its subsidiaries as a single entity.

Voting Rights

The rights of shareholders to vote on company matters, such as electing directors or approving major corporate actions.

Consolidated Financial Statements

Financial statements that aggregate all the financial information of a parent company and its subsidiaries into one document.