Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January. Data concerning inventories follow: Inventory at January 1:   Work in process  NoneFinished goods 75,000unitsInventory at January 31:   Work in process (75% complete with respect to conversion costs) 24,000unitsFinished goods 60,000unitsWhat were the equivalent units for conversion costs for January?

A. 300,000 units
B. 303,000 units
C. 285,000 units.
D. 309,000 units


Answer: B

Business

You might also like to view...

Under the Americans with Disabilities Act, a person with a disabling illness

a. is not considered disabled once the illness is being managed with medicines. b. is not considered disabled unless there is no known cure. c. is considered disabled, but only at times when hospitalization is required for treatment. d. is considered disabled, even if the illness is under control.

Business

Which of the following sources of tax law carries the least authority?

A. Treasury regulation B. Section 736 of the Internal Revenue Code C. The three sources of tax law have equal authority D. Revenue ruling

Business

A situation that arises when all alternative choices or behaviors have potentially negative consequences, making it difficult to distinguish right from wrong, is considered a(n):

A. moral agent. B. social responsibility. C. ethical dilemma. D. ethical standard. E. ethical issue.

Business

The Fair Credit Reporting Act applies to: A) consumer credit

B) commercial credit. C) business credit. D) international sales contracts.

Business