The Assembly Department of GigaGo,Inc

question 122

Multiple Choice

The Assembly Department of GigaGo,Inc.,manufacturer of computers,had 4500 units of beginning inventory in September,and 3000 units were transferred to it by the Production Department.The Assembly Department completed 1500 units during the month and transferred them to the Packaging Department.Calculate the total number of units accounted for by the Assembly Department if it had 6000 units in ending inventory.The weighted-average method is used.

• A) 6000 units
• B) 3000 units
• C) 4500 units
• D) 7500 units

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily match its market value.

Newspaper Quote

Financial information, including stock prices, dividend data, and market analysis, traditionally published in newspapers.

AAA Corporate Bonds

High-grade bonds issued by corporations with the highest rating of creditworthiness, indicating very low risk of default.

Basis Points

A unit of measurement used in finance to describe the percentage change in value or rate, equal to one-hundredth of a percent or 0.01%.