Expansion, peak, contraction, and trough. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.
B) a destination contract
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Answer:
B. 26,000, 24,000.
Explanation:
Stock Company
Equivalent units
Particulars Units % of Completion Equivalent Units
Mat. Conversion Mat. Conversion
Transferred Out 23000 100 100 23000 23000
<u>Ending WIP 3000 100 331/3% 3000 999.9= 1000</u>
<u>Total Equivalent units 26000 24000</u>
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The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.
Equivalent units for materials 26000
and Equivalent units for conversion are: 24000