Beginning WIP Inventory Is 700 Units; Completed and Transferred Out

question 74

Multiple Choice

Beginning WIP inventory is 700 units; completed and transferred out were 2,800 units; and Ending WIP inventory is 600 units. What is the number of units started?

• A) 2,800
• B) 2,700
• C) 3,400
• D) 3,200

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Definitions:

Employer Liability

The legal responsibility of employers for the actions of their employees and for ensuring a safe workplace.

Employee Wrongdoing

Actions by an employee that are illegal or unethical, which can harm the employer or other parties and may result in disciplinary action or legal consequences.

Personal Liability

The legal responsibility of an individual to bear the financial costs associated with either their actions or inactions.

Scope of Employment

A legal concept referring to the range of activities an employee is reasonably expected to engage in as part of their job duties.