The Assembly Department Started the Month with 35,000 Units in Its

question 13

Multiple Choice

The Assembly Department started the month with 35,000 units in its beginning work in process inventory. An additional 472,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 34,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?

• A)507,000
• B)473,000
• C)471,000
• D)541,000

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Definitions:

Accommodation Maker

A person who signs a loan agreement as a guarantor without receiving any benefits from the loan.

Primary Liability

The obligation to be the first or main party responsible for payment or performance under a legal instrument, such as a loan or contract.

Accommodation Indorser

A person who signs a negotiable instrument on behalf of another without receiving a direct benefit, aiming to provide additional confidence to the payee.

Certify a Check

The act of a bank confirming that there are sufficient funds in the account of the drawer of a check and that it is legitimate, essentially guaranteeing payment.