A Company's Beginning Work in Process Inventory Consisted of 20,000

question 166

Multiple Choice

A company's beginning work in process inventory consisted of 20,000 units that were one-fifth complete with respect to direct labor.These beginning units were completed and another 90,000 units were started during the current period.Of those started,60,000 were finished and the remaining 30,000 were one-third complete at the end of the period.Using FIFO,the equivalent units of production were:

• A) 60,000
• B) 74,000
• C) 76,000
• D) 86,000
• E) 90,000

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Definitions:

Measurement

The process of obtaining quantitative data or the numerical description of a property of an object or event, by using instruments or techniques.

Split the Stems

A technique in stem-and-leaf plot creation where each stem is divided to improve data resolution.

Stemplot

A graphical method for displaying quantitative data, typically smaller datasets, to visualize its distribution, also known as a stem-and-leaf plot.

Potential Outlier

An observation in a dataset that is significantly different from the rest, possibly indicating an error or a unique case.