During August,the Filtering Department of Union Square,Inc

question 88

Multiple Choice

During August,the Filtering Department of Union Square,Inc.had a beginning Work-in-Process Inventory balance of 150 units with costs of $55,000.During the month,it started and completed 280 units.It had 30 units in the ending Work-in-Process Inventory.What is the number of equivalent units of production for transferred in units in the Filtering Department in August under the first-in,first-out (FIFO) method?

• A) 150 units
• B) 460 units
• C) 310 units
• D) 250 units

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Definitions:

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Positive Profits

Financial gains experienced by a firm when its total revenues exceed its total costs.

Brand Names

Brand names are names given to a product or service by a company to differentiate it from competitors, signifying reputation and quality.

Less Developed Country

A country characterized by low levels of economic development, often measured by GDP per capita, industrialization, and standard of living.