Beginning WIP Inventory Is 900 Units; Completed and Transferred Out

question 160

Multiple Choice

Beginning WIP inventory is 900 units; completed and transferred out were 3,400 units; and Ending WIP inventory is 800 units. What is the number of units started?

• A)3,300
• B)2,600
• C)3,400
• D)4,200

---

Definitions:

Pension Funds

Investment pools that collect and invest contributions from workers and employers to provide retirement benefits to the workers.

Banks

Financial institutions licensed to receive deposits and make loans. They also offer various other financial services such as wealth management, currency exchange, and safe deposit boxes.

Thrifts

Financial institutions that primarily accept savings deposits and make mortgage loans, including savings and loan associations, savings banks, and credit unions.

Market Risk

The risk of losses in investments due to factors that affect the overall performance of the financial markets, such as economic changes or natural disasters.