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:

Profit After Tax

The net income a company remains with after all taxes have been subtracted from its total revenue.

BCVR Entries

Book value to consideration ratio entries, used in accounting to adjust the values of assets and liabilities during acquisitions.

NCI Entry

Non-Controlling Interest entry, recorded in consolidated financial statements to represent the equity interest in a subsidiary not attributable, directly or indirectly, to the parent company.

Equity

Represents the owners' interest in the assets of a company after all liabilities have been deducted.