Norma Company Had 10,000 Units in Work in Process at January

question 47

Multiple Choice

Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete. During January, 25,000 units were completed. At January 31, 6,000 units remained in work in process that were 75 percent complete. Using the average cost method, the equivalent units for January were:

• A)31,000.
• B)29,500.
• C)35,000.
• D)36,000.

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Definitions:

Agricultural Inventions

Innovations and developments in the field of agriculture that improve efficiency, yield, or sustainability in food production.

Farmers

Individuals or entities engaged in the activity of agriculture, raising living organisms for food or raw materials.

Liberal Land Policy

A policy approach that aims to make land more accessible to the population, often by reducing restrictions and lowering costs.

New Technology

The latest inventions, innovations, or advancements in technology that impact various aspects of society, industry, and the economy.