Answer the Following Questions Using the Information Below

question 129

Multiple Choice

Answer the following questions using the information below:
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 145,000 chairs. During the month, the firm completed 175,000 chairs and transferred them to the Finishing Department. The firm ended the month with 18,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Swivel.
-What were the equivalent units for conversion costs for February if the beginning inventory was 70% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs?

• A) 182,200
• B) 152,200
• C) 172,200
• D) 162,200

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Definitions:

Goal Orientation

Involves the desire or ambition to achieve a specific outcome or fulfill a set pattern of objectives, often guiding how individuals approach tasks and challenges.

Performance Outcomes

The results or achievements arising from the actions or performance of an individual or group in various contexts, such as work, sports, or education.

Institutional Investors

Large organizations such as banks, insurance companies, and pension funds that invest large amounts of money.

Closely Held Corporations

Corporations that have a limited number of shareholders, often family members or close associates, and whose shares are not publicly traded.