Nabais Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below: Units Percent Complete withRespect to ConversionBeginning work in process inventory 3,300 80%Transferred in from the prior department during October 30,700 Completed and transferred to the next department during October 32,200 Ending work in process inventory 1,800 60%What were the equivalent units for conversion costs in the Lubricating Department for October?
A. 32,200
B. 33,280
C. 29,200
D. 31,780
Answer: B
You might also like to view...
The descriptive measure of variability that is based on the concept of a variation about the mean is the
A. range. B. interquartile range. C. absolute value of the range. D. standard deviation.
The term "cash flows" refers to changes in
a. cash, only. b. cash and cash equivalents. c. working capital. d. cash and marketable securities. e. funds.
When performing the bank reconciliation, outstanding checks should be:
a. subtracted from the bank balance. b. subtracted from the book balance. c. added to the bank balance. d. added to the book balance.
A _______________________________ is a Mexican factory that assembles U.S. components for export to the United States.
Fill in the blank(s) with the appropriate word(s).