The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the first-in, first-out method in its process costing system. 
All materials are added at the beginning of the process.The equivalent units for materials for the month of August are:
Definitions:
Average Tax Rate
The fraction of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.
Legal Obligation
A requirement by law for an individual or entity to follow certain conduct or make certain payments.
Balance Budget
A financial plan or policy where total revenues are equal to or greater than total expenditures.
Tax Receipts
The total amount of money received by the government from taxes, serving as a primary source of revenue.
Q1: When manufacturing overhead is applied to production,
Q7: Sarratt Corporation's contribution margin ratio is 73%
Q8: Held Incorporated has provided the following data
Q17: Cadot Incorporated uses the weighted-average method in
Q136: Haffner Corporation uses the weighted-average method in
Q194: Jaquish Incorporated has provided the following data
Q259: The units in beginning work in process
Q286: Under the first-in, first-out method, in addition
Q293: Laurant Corporation uses the first-in, first-out method
Q325: An employee time ticket is used to