Gregory, Which Uses a Process-Costing System, Adds All Material at the Beginning

question 37

Multiple Choice

Gregory, which uses a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The information that follows relates to the period just ended:
Units started and completed: 75,000
Units in ending work-in-process inventory: 15,000, 60% complete
Which of the following choices correctly expresses the total equivalent units of production with respect to material and conversion cost? $\begin{array}{lll}&\text { Material }&\text {Conversion }\\\text { A. } & 75,000 & 75,000 \\\text { B. } & 84,000 & 84,000 \\\text { C. } & 90,000 & 81,000 \\\text { D. } & 90,000 & 84,000 \\\text { E. } & 90,000 & 90,000\end{array}$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D
• E) Choice E

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Definitions:

Five-factor Model

A framework identifying five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

A personality trait characterized by warmth, kindness, and a willingness to cooperate and avoid conflict.

Neuroticism

A personality trait characterized by moodiness, anxiety, and emotional instability.

Social Desirability

The behavior of those answering questions to do so in a manner they assume will generate favorable opinions from others.