Use the Information Below to Answer the Following Questions

question 212

Multiple Choice

Use the information below to answer the following questions:
The following information is provided by Dart Manufacturing:

The units in ending WIP inventory were 90% complete for materials and 60% complete for conversion costs.
-At the end of the year, what are the equivalent units for conversion costs for Dart Manufacturing if all manufacturing costs are added during the process?

• A) 3,000
• B) 3,800
• C) 2,000
• D) 1,800

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Definitions:

Next 12 Months

A future time period covering the immediate upcoming year, often used in financial forecasting and planning.

Liabilities

Financial obligations or debts a company owes to others, which must be settled over time through the transfer of economic benefits.

Marginal Rate

The amount of tax applied to an additional dollar of income, often used in the context of progressive tax systems.

Average Rate

A measure used in finance to represent the typical amount of return or rate over a given period.