The Morgan Company Uses the Weighted-Average Method in Its Process

question 2

Multiple Choice

The Morgan Company uses the weighted-average method in its process costing system.For a particular department,the company had 54,000 equivalent units of production with respect to conversion costs in March.There were 7,500 units in the department's beginning work in process inventory,two thirds complete with respect to conversion costs.During March,52,500 units were started and 50,000 were completed and transferred out of the department.The ending work in process inventory in the department?

• A) consisted of 2,500 units.
• B) consisted of 5,000 units.
• C) was 40% complete with respect to conversion costs.
• D) was 65% complete with respect to conversion costs.

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Definitions:

Renin Secretion

Renin secretion involves the release of the enzyme renin from the kidneys, which plays a key role in the body's blood pressure regulation and electrolyte balance.

Autoregulation

Maintenance of a relatively constant blood flow through a tissue despite relatively large changes in blood pressure; maintenance of a relatively constant glomerular filtration rate despite relatively large changes in blood pressure.

Afferent Arterioles

Small blood vessels that carry blood toward the glomeruli of the kidney, playing a key role in the regulation of blood pressure.

ADH

Antidiuretic hormone, also known as vasopressin, which helps regulate water balance in the body by controlling the amount of water reabsorbed by the kidneys.