A Company's Beginning Work in Process Inventory Consisted of 20,000

question 92

Multiple Choice

A company's beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 1/3 complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

• A) 60,000.
• B) 74,000.
• C) 76,000.
• D) 90,000.
• E) 96,000.

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Definitions:

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Tattoo

A form of body modification where a design is made by inserting ink, dyes, and pigments, either indelible or temporary, into the dermis layer of the skin to change the pigment.

Economic Stability

A state where an economy experiences stable growth, low inflation rates, and low unemployment rates, contributing to overall economic health.

Economic Growth

A rise in the potential of an economy to output goods and services between one time frame and another.