At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. At the end of the month, the department had 8,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month?
A. 68,000
B. 52,000
C. 62,000
D. 60,000
E. 58,000
Answer: B
You might also like to view...
When selecting within a range of outcome estimates for probable contingencies, the requirements of IFRS and GAAP, respectively, are to accrue what amount in the range? IFRS GAAP I. minimum minimum II. midpoint minimum III. minimum midpoint IV. midpoint midpoint
A) I B) II C) III D) IV
What would be the insight if the empathy map revealed that someone said he enjoyed being a vegetarian, but sighed and said that he had trouble making food so that the family would not miss meat?
a. The person is struggling with being a vegetarian. b. There is a conflict between his enjoyment and the goals of serving the family what they like. c. Vegetarians cause family discord. d. The interviewee would like all the family to become vegetarian.
Glenn decided to borrow from Jones Bank since it promised that his loan interest rate would be systematically reduced every year when the board met. The loan rate was never reduced, but actually increased monthly. Glenn refused to pay the interest demanded and sued for rescission of the contract; thereupon, the bank attempted to collect from Lewis, a surety under the loan. Does Lewis have to pay?
A) Yes, because fraud is no defense B) No, because a fraud perpetrated upon Glenn will be a defense C) Yes, since the surety obligation is separate from the underlying contract D) No, because the surety stands in the shoes of the debtor for all purposes
The parol evidence rule generally precludes testimony that would contradict a complete written contract
Indicate whether the statement is true or false