In April, the Beginning Work in Process Inventory for Department

question 76

Multiple Choice

In April, the beginning work in process inventory for Department 2 was 40% complete and the ending work in process inventory was 90% complete. Under the FIFO method, the number of equivalent units of production for transferred-in costs for April is equal to the number of units

• A) Started and completed in April plus 90% times the number of units in ending inventory for April
• B) started and completed in April plus 40% times the number of units in beginning inventory plus 90% times the number of units in ending inventory for April
• C) Started and completed in April plus 40% times the number of units in beginning inventory plus 90% times the number of units in ending inventory for April
• D) Started in April

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Definitions:

Quoted

Refers to the listed price of a security or asset in the financial market.

Treasury Bond

A Treasury bond is a long-term government debt security with a maturity of more than ten years, issued by the U.S. Department of the Treasury, and is backed by the U.S. government's credit.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment of bonds.