Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 7,700 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 6,700 units that were 60% complete with respect to conversion costs.
Required:
If 15,400 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be .

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.

What happens when the government finances a job creation project through taxes and borrowing?

Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.