Afirst-in, first-out (fifo) process cost system is used to account for the cost of producing a chemical compound. as part of production, material b is added when the goods are 80% complete. beginning work-in-process inventory for the current month was 20,000 units, 90% complete. during the month, 70,000 units were started in process, and 65,000 of these units were completed. there were no lost or spoiled units. if the ending inventory was 60% complete, the total equivalent units for material b for the month was

Total Equivalent Units Material B: 65,000 units

Explanation:

Beginning WIP Material B: 20,000 units (20,000 x 100% * because WIP is more than 80% completed)

Units Completed Material B:  85,000 units (20,000 + 65,000)

Ending WIP Material B: 0 units (25,000 x 0%) * because ending WIP is less than 80% materials were not added yet.

Equivalent Units of Production (FIFO): Units Completed and Transferred Out + Equivalent Units in ending WIP - Equivalent Units in Beginning WIP

EUP Material B: 85,000 + 0 - 20,000 = 65,000

answer; coefficient of correlation;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.