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Question - Seaside Company uses the weighted-average method in its process costing system. The Sanding Department started the month with 27,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs. An additional 88,000 units were transferred in from the prior department during the month to begin processing in the Sanding Department. There were 24,000 units in the ending work-in-process inventory of the Sanding Department that were 15% complete with respect to conversion costs. What were the equivalent units of production (EUPs) for conversion costs in the Sanding Department for the month?
a. 94,600 EUPs
b. 85,000 EUPs
c. 75,700 EUPs
d. 91,000 EUPs
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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