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7 0

11. A factory building is an example of Physical capital . A physical capital is the things that are tangible and they are used as an asset to the business. A building needs to have investments that is why the owner needs to make a capital for it.

12. The statement which is NOT a key economic question is "How should it be ensured that goods and services are paid for?"

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Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces

lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory 10,000

Units Started = 40,000

Units to account for 50,000

In the Work In Process for Conversion Costs

Beginning Work In Process (10,000*20 %) = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started = 40,000

Add Ending Inventory (8000*40%) 3200

Units to account for = 51,200

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