The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September 63,000 units were started; 6,300 of these were still in process at the end of September and were 3/5 finished. The equivalent units of material in September were:

The equivalent units of material in September were:  63,000

Explanation:

Step 1 Calculate the Units Completed and Transferred to Finished Goods

Units Completed and Transferred to Finished Goods = Units Started - Units in Closing Work In Process

                                                                                        = 63,000-6,300

                                                                                        = 56,700

Step 2 Calculate equivalent units of material in September

Note : All materials are added when the process is first begun. This means that BOTH the Units Completed and Transferred to Finished Goods and Units in Closing Work In Process are 100 % complete in terms of materials

Materials :

Units Completed and Transferred to Finished Goods   = 56,700

Units in Closing Work In Process                                     =   6,300

Total                                                                                   = 63,000

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; conceptual skills;