In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 23,980 units. As of March 31, 4,600 units that were 30% complete as to conversion costs and 100% complete as to materials were in ending work in process.
(a) Compute the total units to be accounted for.
Total units
(b) Compute the equivalent units of production.
Materials
Conversion costs
The equivalent units of production
(c) Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.