Noted the following: units work-in-process, august 1 (50% complete) 4,000 units started during the month of august 20,500 work-in-process, august 31 8,000 materials are added at the beginning of the process. tukka toy uses the weighted average method; equivalent units of production for august were 19,500. therefore, the percent complete of the work-in-process at august 31 was

Percent complete of work in process at August 31 was 60%

Explanation:

In this case opening WIP = 4,000 units which were 50 % complete

During the month we created additional 20,500 units of Work In Process

Additional 8,000 units of raw material were added.

Total units = 4,000 + 20,500 +8,000 = 32,500

Equivalent units completed = 19,500

Percentage of complete work in process at month end = ( 19,500/32,500 ) 100 = 60%

answer(d) all of the choices are correct;

answer///supply is elastic, and demand is inelastic;