A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount). A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment.
Demystifying the NBTs | National Benchmark Test Project.
Answer:
Ending Inventory Units = 500 + 6700 - 6000 = 1200 units
Equivalent units for Material = Units completed and transferred*100% + Ending Inventory units*50% = 6000*100% + 1200*50%
= 6000 + 600 = 6600 units
Cost per equivalent unit for materials = (Beginning Material cost + Material cost incurred during the month) / Equivalent units for Material
= ($5800 + $125600) / 6600
= $19.91
Hence, third option is correct.
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