A Pasta Maker Gives Us Their Data for the Year

question 122

Multiple Choice

A pasta maker gives us their data for the year: $\begin{array}{|l|r|}\hline \text { WIP inventory, beginning } & 0 \text { units } \\\hline \text { Units started } & 7,200 \text { units } \\\hline \begin{array}{l}\text { Units completed and } \\\text { transferred out }\end{array} & 6,700 \text { units } \\\hline \text { WIP inventory, ending } & 500 \text { units } \\\hline \text { Direct materials } & \$ 12,600 \\\hline \text { Direct labor } & \$ 6,100 \\\hline \text { Manufacturing overhead } & \$ 3,500 \\\hline\end{array}$ Units in ending WIP inventory were 100% complete for materials and 40% complete for conversion costs.
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On December 31,the cost per equivalent unit for conversion costs would be closest to:

• A)$ 0.88
• B)$ 1.39
• C)$ 1.33
• D)$ 1.75

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Definitions:

Natural Capital

The world's stocks of natural resources, which include geology, soil, air, water, and all living organisms.

Ecological Footprints

A measure of the impact humans have on the environment, quantifying the amount of natural resources used and waste produced.

Population Growth

The increase in the number of individuals in a population, often influenced by factors such as birth rates, death rates, and migration.

Direct Quotation

A direct quotation is the exact reproduction of the words of a speaker or a text.