A Process with No Beginning Work in Process, Completed and Transferred

question 108

Multiple Choice

A process with no beginning work in process, completed and transferred out 95,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete.The equivalent units of production for the period were:

• A)95,000 equivalent units.
• B)145,000 equivalent units.
• C)110,000 equivalent units.
• D)47,500 equivalent units.

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Definitions:

Unqualified Endorsements

Signatures on a negotiable instrument without any limiting conditions, which transfer full control of the instrument to another party.

Types

Refers to the various categories or distinct forms that objects, concepts, or persons can be classified into.

Blank

An empty space or a document section left unfilled or unspecified.

Drawee

The party, often a bank, that is directed to pay the sum specified in a check or draft.