Reference no: EM132633663
Question 1: Lester Corporation had 8,200 units of work in process on November 1. During November, 26,800 units were started and as of November 30, 7,900 units remained in production. How many units were completed during November?
A. 16,100.
B. 26,500.
C. 27,100.
D. 42,800.
E. None of the other answers are correct.
Question 2: Ohio, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs conversion cost evenly throughout manufacturing. If Ohio started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:
A. 3,000 physical units in production.
B. 2,100 completed units.
C. 900 in-process units.
D. 900 equivalent units of production.
E. 3,000 equivalent units of production.
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