Williams Company Computed Its Cost Per Equivalent Unit for Direct

question 25

Multiple Choice

Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75.A total of 250,000 units of product were completed and transferred out as finished goods during the month.The ending Work in Process inventory consists of 36,000 equivalent units of direct materials and 36,000 equivalent units of conversion costs.The amount that should be reported in ending Work in Process Inventory is:

• A)$93,600.
• B)$135,000.
• C)$1,816,100.
• D)$1,587,500.
• E)$228,600.

Identify which accounts appear on the post-closing trial balance.

Understand the purpose and process of adjusting and closing entries in accounting.

Identify the components of a post-closing trial balance and its preparation process.

Recognize the impact of various accounting entries on financial statements.

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Definitions:

Free Will

The concept that humans have the ability to make choices that are not determined by prior causes or by divine intervention.

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