Norma Company Had 10,000 Units in Work in Process at January

question 27

Multiple Choice

Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete.During January,25,000 units were completed.At January 31,6,000 units remained in work in process that were 80 percent complete.Using the average cost method,the equivalent units for January were:

• A)31,000.
• B)29,800.
• C)35,000.
• D)36,000.

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Definitions:

Dealt

Distributed or administered in a specific manner.

Chances

The likelihood or probability of an event happening, often expressed as a percentage or ratio.

Red

A primary color at the longer-wavelength end of the spectrum.

Probability Calculus

A field of mathematics focused on determining the probability of different results.