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Question - The Finishing Department had 7,000 incomplete units in its beginning Work-in-Process Inventory which were 100% comple as to materials and 40% as to conversion costs. 19,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 4,000 units which were 50% comple as to materials and 40% as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period?
a. 26,000.
b. 15,000.
c. 16,000.
d. 22,000.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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