Use the Information Below to Answer the Following Questions

question 174

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.
-What are the total equivalent units for direct materials for Dart Manufacturing if all manufacturing costs are added during the process?

• A) 5,000
• B) 2,700
• C) 3,000
• D) 4,700

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Definitions:

Price-Earnings Ratio

A valuation metric that compares a company's share price to its earnings per share, used to gauge if a stock is over or under-valued.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reflected as a charge in the income statement.

Dividends Per Common Share

The amount of declared dividends for the period that is intended for each share of common stock held.

Return on Common Stockholders' Equity

A measure of financial performance that indicates how much profit a company generates with the money shareholders have invested, specifically for common shares.