Department E Had 4,000 Units in Work in Process That

question 55

Multiple Choice

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. During the period, 14,000 units of direct materials were added at a cost of $28,700 and 15,000 units were completed. At the end of the period, 3,000 units were 75% completed. All materials are added at the beginning of the process. Direct labor was $32,450, and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories was

• A) 15,650
• B) 14,850
• C) 14,150
• D) 14,650

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Definitions:

Higher Wages

Wages that are above the average or standard level, often resulting from increased demand for labor, higher productivity, or specialized skills.

Statistical Discrimination

The use of statistical or probabilistic data about demographic groups by employers, lenders, etc., to make assumptions about individuals, potentially leading to discriminatory practices.

Insurance Rates

The cost or premium for insurance coverage, determined by risk assessment and statistical analysis.