Garrison Company Adds Direct Materials at the Beginning of the Process

question 157

Multiple Choice

Garrison Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The data that represents the Shaping Department is listed below: Which of the following is the total number of physical units?

• A)42,000
• B)54,000
• C)64,000
• D)59,000

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Definitions:

Loan

Money borrowed that is expected to be repaid with interest.

Compounded Annually

Interest calculation method where the interest is added to the principal sum once a year, so each year’s interest earnings are based on the principal plus the accumulated interest.

RRSP Contributions

Money placed into a Registered Retirement Savings Plan, intended to serve as retirement savings and provide tax benefits in Canada.

First Contribution

The initial investment or deposit made into a financial instrument or savings account.