Use the Information Below to Answer the Following Questions

question 134

Multiple Choice

Use the information below to answer the following questions:
The Weighted Average method is used for process costing at OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

-What are the total equivalent units for direct materials at OxyCorp?

• A) 124,270
• B) 138,700
• C) 147,200
• D) 130,200

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Definitions:

Forecast

A prediction about future events or trends, often based on historical data and analysis, used in planning and decision-making processes.

Moving Average

An analytical process in statistics where different segments of the entire data set are averaged to examine data points.

Week

A time period consisting of seven consecutive days.

Time Series

An array of data elements, usually made up of ongoing recordings measured throughout a specific duration.