Department E Had 4,000 Units in Work in Process That

question 25

Multiple Choice

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.​
-The number of equivalent units of production for the period for materials if the weighted average method is used to cost inventories was

• A)15,650
• B)18,000
• C)17,250
• D)17,700

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Definitions:

Housing Prices

The cost of purchasing residential property, which can fluctuate based on factors like location, demand, and economic conditions.

Aggregate Demand

The comprehensive requirement for all goods and services in an economic situation, fixed at a specific overall price level during a certain timeframe.

Stagflation

An economic condition characterized by high inflation, high unemployment, and stagnant demand in a country’s economy.

Aggregate Demand

The collective demand for all goods and services within a particular economy at a specific price level and time period.