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Question - Department B had 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500. 13,700 units were started during the period. 15,000 units were completed during the period, and 1,700 were 80% completed at the end of the period. All materials are added at the beginning of the process. Material cost was $15,400., direct labor was $32,450 and factory overhead was $18,710. Find the number of equivalent units of production for the period for conversion if the weighted average method is used to cost inventories?
a. 15000
b. 16360
c. 1700
d. 13700
Monty loaned his friend Ned $13,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $9,100, Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan..
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