The Polishing Department of Generation Fixtures,Inc

question 160

Multiple Choice

The Polishing Department of Generation Fixtures,Inc.had 20,000 units in process on June 1 and received 23,000 units from the Machining Department.During the month,it completed 31,000 units and transferred them to the Packaging Department and had 12,000 units in ending Work-in-Process Inventory.Calculate the number of units accounted for by the Polishing Department for June.

• A)11,000 units
• B)20,000 units
• C)12,000 units
• D)43,000 units

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Definitions:

An Accounting

The process or act of maintaining financial records, summarizing transactions, and analyzing financial data to understand the financial status of an individual or organization.

Specific Performance

A legal remedy requiring a party to fulfill the exact terms of a contract, typically used when monetary damages are insufficient.

Duty of Notification

An agent’s obligation to inform the principal of the agent’s actions on the principal’s behalf and of all relevant information.

Communicate Offers

The process through which an offeror makes their proposal known to the offeree, initiating the possibility of forming a contract.