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

question 137

Multiple Choice

A company's beginning work in process inventory consisted of 20,000 units that were 1/5 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 the weighted-average method,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:

Mutually Exclusive Projects

Mutually exclusive projects are investment decisions where the acceptance of one project results in the rejection of another.

Different Lives

A term typically used in capital budgeting to describe projects or assets with varying operational life spans, complicating comparisons.

Senior Management

The highest level of executives who are responsible for the overall management and strategic direction of a company.

Significant Downsizing

A strategic reduction in a company's workforce to improve efficiency or reduce costs.