Department E Had 4,000 Units in Work in Process That

question 83

Multiple Choice

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the average cost method is used to cost inventories was:

• A) 15,650
• B) 14,850
• C) 18,000
• D) 17,250

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Definitions:

Chi-Squared Value

The result of a calculation that measures how expectations compare to actual observed data, crucial in chi-squared tests for independence or goodness-of-fit.

Chi-Squared Test Statistic

A measure used in statistics that compares observed results with expected outcomes to test the hypothesis about the independence of two criteria.

Multinomial Experiment

An experiment that can lead to outcomes categorized into more than two categories, each with a specific probability.

Chi-Squared Test Statistic

A statistical measure used to evaluate the differences between observed and expected frequencies in one or more categories.