Jet Products Had No Units in Process at the Beginning

question 34

Multiple Choice

Jet Products had no units in process at the beginning of the year.Jet uses process costing and has calculated 45 000 total equivalent units completed during the year.If there were 53 000 units started in the current period and 10 000 units in ending work-in-process,what percentage complete were the ending inventory units?

• A) 50 per cent
• B) 85 per cent
• C) 20 per cent
• D) 22 per cent

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Definitions:

Bourgeoisie

The social class that came to own the means of production during modern capitalism, typically marked by wealth, property ownership, and the ability to employ labour.

Electoral Institutions

Organizations and systems that organize, oversee, and regulate the process of electing representatives in a democracy.

Representative Institutions

Bodies or organizations that are elected or appointed to act on behalf of a larger group of people, such as legislatures or councils.

Enfranchise

To enfranchise is to grant voting rights to an individual or group, thereby providing them the power to participate in choosing their government representatives.