In the Month of June, a Department Had 20,000 Units

question 72

Multiple Choice

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete.During June, 80,000 units were transferred into production from another department.At the end of June there were 10,000 units in ending work in process that were 40% complete.Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process.
-The equivalent units of production for conversion costs for June were

• A)80,000 equivalent units.
• B)94,000 equivalent units.
• C)90,000 equivalent units.
• D)100,000 equivalent units.

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Definitions:

Price

The quantity of money considered, needed, or paid in exchange for something.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, measuring the benefit to consumers.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund public expenditures.

Tax Per Unit

A specific amount of tax imposed on each unit of a product or service, often used to regulate consumption or raise government revenue.