Nader Inchas the Following Information Available: at the Beginning of the the Period,there

question 66

Multiple Choice

Nader Inc.has the following information available: At the beginning of the period,there were 500 units in process that were 40 percent complete as to conversion costs and 100 percent complete as to direct materials costs.During the current period,4,300 units were started and completed.Ending inventory contained 320 units that were 80 percent complete as to conversion costs and 100 percent complete as to direct materials costs.(Assume that the company uses the FIFO costing method. )
-The equivalent units of production for direct materials and conversion costs,respectively,of Nader Inc.were

• A)5,120 for direct materials and 5,056 for conversion costs.
• B)4,480 for direct materials and 4,544 for conversion costs.
• C)4,120 for direct materials and 4,056 for conversion costs.
• D)4,620 for direct materials and 4,856 for conversion costs.

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Definitions:

Bank's Responsibility

The obligations of a bank to its customers, including safeguarding deposits, processing transactions accurately, and maintaining confidentiality of client information.

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with transferability rights.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.