The following production data were taken from the records of the finishing department for july: inventory in process, june 1, 30% completed 5,000 unitstransferred to finished goods during june 39,500 unitsending work in process during june 25%, completed 4,500 unitsdetermine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. assume that all direct materials are placed in process at the beginning of production.

Conversion Cost Equivalent units FIFO           39, 125

Explanation:

Beginning WIP           5,000 30% completed

transferred units       39,500

ending WIP                 4,500  25% completed

The equivalent units will be:

the transferred units

- complete portion for the beginning WIP

+ complete portion of the ending WIP

transferred out                      39,500

work in previous period

5,000 x 30% =                         (1,500)

worked but not complete

4,500 x 25% =                          1, 125  

Equivalent units FIFO           39, 125

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.