which of the following components make up the formal definition of an organization? check all that apply.a shared goalshared communicationa clear hierarchya structured group

The concept focuses on identifying and understanding consumer needs - then, creating, delivering, and communicating value to target customers is called the marketing concept.

The marketing concept is a business philosophy that involves focusing on identifying and understanding consumer needs and wants, and then creating and delivering products and services that meet those needs and wants.

The goal of the marketing concept is to create value for target customers, which can lead to customer satisfaction, loyalty, and long-term profitability for the business.

In addition to identifying and understanding consumer needs, the marketing concept also involves creating and delivering value through effective product design, pricing, distribution, and promotion strategies. This requires a deep understanding of the target market, as well as the ability to effectively communicate with and engage target customers.

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The approval process that you would most likely need to follow to get your swabs on the market would be to follow the regulatory approval process set by the US Food and Drug Administration (FDA).

It corresponds to an American government agency that establishes safety and efficacy standards for products such as medical devices, which must be approved by the regulatory agency before being placed on the market.

Therefore, to market such a product, the company must initiate the approval process regulated by the FDA agency.

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The statement "Journal entries used to prepare temporary accounts for a new fiscal period" is false.

Temporary accounts, such as revenue, expense, and dividend accounts, are used to accumulate information for a specific accounting period and are closed at the end of that period. The purpose of closing temporary accounts is to transfer their balances to a permanent account, typically the retained earnings account, in order to prepare the accounts for the next fiscal period.

Closing entries are used to close temporary accounts and transfer their balances to the appropriate permanent accounts. These entries are typically made at the end of the accounting period, not at the beginning of a new fiscal period.

Therefore, journal entries are not used to prepare temporary accounts for a new fiscal period, but rather to close temporary accounts at the end of the current fiscal period.

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Firms position products based on several factors. Some of these factors include demographics, psychographics, value symbols, and salient attributes. Therefore, option A, B, C, and D are all correct as they are all factors that influence firms' position of products in the market.

Demographics:

refers to factors such as age, sex, income, and education level of a target market. Marketers can target specific demographics to develop positioning strategies that align with the preferences of the intended audience.

Psychographics:

refers to a person's values, attitudes, interests, and personalities. These factors influence how people perceive and respond to marketing messages, making them important to consider when positioning a product.

Value Symbols:

they are images or words that have become closely associated with a particular product. It can also mean brand names that serve as valuable symbols to consumers who connect the product with the image it portrays.

Hence, option A, B, C, and D are all correct.

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The correct option is A, The residual interest in a corporation belongs to the common stockholders.

A corporation is a type of legal entity that is separate and distinct from its owners or shareholders. It is created by filing articles of incorporation with the appropriate state authority, which grants the corporation certain rights and privileges. One of the key benefits of a corporation is limited liability protection for its owners, which means that they are generally not personally responsible for the corporation's debts and legal obligations.

Corporations have a number of advantages over other forms of business, including the ability to raise capital by selling stock, perpetual existence (meaning the corporation can continue to operate even if one or more shareholders die or sell their shares), and centralized management. They also have certain legal requirements, such as holding annual meetings and keeping accurate financial records.

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A firm will expand the amount of output it produces as long as it  marginal revenue exceeds its marginal cost. Option (D)

A firm will expand the amount of output it produces as long as its marginal revenue exceeds its marginal cost. This is because a firm's goal is to maximize profits, and producing an additional unit of output will increase its revenue by the amount of marginal revenue, but also increase its costs by the amount of marginal cost.

Therefore, a firm will continue to produce more units of output until the marginal revenue from the last unit produced is equal to the marginal cost of producing that unit. If marginal revenue is greater than marginal cost, the firm will increase production because the additional revenue earned from selling the additional output exceeds the additional cost of producing it.

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The given statement "Important symbol of economic status whether or not children labored for wages. Children of working-class families were expected to labor for wages to support the family" is true because they were the primary contributors to the family's economic survival.

In the past centuries, children were forced to work in industries because of the high poverty levels of the people. Children of working-class families were the primary contributors to the family's economic survival. They were commonly used in industries and were paid for their labor by the hour.

Children worked long hours for low pay in unclean and dangerous conditions in factories, mines, and on the streets, risking their health and life. Children were used in factories as chimney sweeps, rat catchers, and coal miners, where they were treated poorly.

The working-class family was mostly dependent on their children's wages to survive. It wasn't until the 20th century that child labor laws were enacted to protect children's rights, allowing them to receive education and avoid exploitation and maltreatment.

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The correct option is C, Resources are directed from one industry to another by Changes in market prices.

Resources refer to the various materials, tools, and assets that are available for use in achieving a particular objective or goal. Resources can be tangible or intangible and may include natural resources, such as land, water, and minerals, as well as human resources, such as skilled labor, knowledge, and expertise.

Resources may also refer to financial resources, such as capital and investments, and technological resources, such as software and hardware. Effective resource management is crucial for organizations to maximize productivity, minimize waste, and achieve their goals efficiently. In addition to their functional utility, resources may also have cultural or symbolic value. For example, historical artifacts, works of art, and monuments can be seen as resources that provide insights into the cultural heritage of a particular society.

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Complete Question:

Resources are directed from one industry to another by

A). Market Failure.

B). Government And Market Failure.

C). Changes in market prices.

D). Government Failure.

Abigail is specifically performing the staffing function.

The staffing function is the function of management that involves hiring, firing, training, evaluating, and compensating employees. This function is critical since it ensures that organizations have the best people possible for every job and that those people are competent to execute their duties.

Staffing is critical for the following reasons: It ensures that the most qualified people are employed in every position and that those people have the necessary skills to do their jobs. It guarantees that the proper quantity and quality of employees are available at all times, to ensure that the organization's goals and objectives are met.

It assists the organization in determining the most effective way to compensate its personnel based on the role and the employee's performance in that role. It aids in the establishment of a positive working culture, which can boost morale and contribute to better employee relations.

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The similarity between the outsourcing and overtime strategies for avoiding a labor shortage is that both strategies involve contracting with another organization to perform a broad set of services.

Outsourcing is the process of hiring an external organization to perform a business activity that would otherwise be performed in-house. It can save companies time and money because they can hire experts who are more cost-effective than hiring and training employees, as well as reduce overhead costs.

Overtime is an employment condition in which employees work beyond their normal work hours, either daily or weekly, to earn extra pay for additional hours worked. Overtime is usually required when there is an increase in production or a shortage of labor, and it can help to meet deadlines and get work done quickly.

A labor shortage occurs when there are more job openings than there are workers available to fill them. This can lead to increased competition for workers and higher wages, as well as a need for strategies such as outsourcing and overtime to meet production and business needs.

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In recent years, as direct labor as a percentage of total cost has declined, overhead costs would have increased.

Direct labor refers to the cost of labor directly involved in the production of goods or services, such as wages paid to workers who operate machinery or perform other tasks related to production. Overhead, on the other hand, refers to indirect costs that are not directly tied to production, such as rent, utilities, and administrative expenses. As the proportion of direct labor to total cost declines, it means that the other costs of production, including overhead, are becoming relatively more important. This is because a smaller proportion of total cost is being allocated to direct labor, leaving a larger share for other costs, including overhead. Therefore, as direct labor as a percentage of total cost declines, overhead costs would increase.

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The correct answer is c) analytical. An analytical approach is particularly important when selecting the right promotional tools because it allows for careful consideration of all available options.

This approach involves gathering data, analyzing it, and then making a reasoned decision about the best choice for achieving a desired objective.

An analytical approach can help to ensure that all possible combinations of promotional tools are considered and that the best one is selected.

Data can be collected from market research, surveys, and customer feedback to help determine the most effective promotional tools. This data can then be analyzed to identify the most suitable promotional tools.

Additionally, the cost-benefit of each promotional tool can be assessed to determine which combination of tools will offer the most effective results.

Analytical decision making also involves taking into account the wider context in which the promotional tools will be used. This includes understanding the company's budget, target audience, market conditions, and the objectives of the promotion.

By carefully considering all of these elements, an analytical approach allows for an informed decision to be made.

In summary, an analytical approach is particularly important when selecting the right promotional tools as it allows for careful consideration of all available options and ensures that the most suitable combination of promotional tools is chosen.

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The demand factor involves households, businesses, and government purchasing the economy's expanding output of goods and services so that there will be no unplanned increase in inventories, and resources will remain fully employed. The correct option is A.

The demand factor is defined as the ratio of the sum of the demands for several appliances or loads to the total load of the system. It is also defined as the ratio of the maximum demand of a system or a part of it to the total connected load of the system. It is always less than 1 or equal to 1.

Importance of the demand factor:

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A price-discriminating magazine publisher would "charge a higher price to business executives" if a college student's demand for magazine subscriptions is more price-elastic than a business executive's demand for magazine subscriptions. Option D is the correct answer.

Price elasticity refers to the sensitivity of consumers to changes in prices. If college students are more sensitive to changes in prices, then the publisher could charge a higher price to business executives who are less sensitive to changes in prices. This is known as price discrimination, which is a pricing strategy where businesses charge different prices for the same product or service based on consumers' willingness to pay.

Therefore, the correct answer is Option D.

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The preference to save 600 lives with one-third chance over definitely save 200 lives would change due to change in probability of success, personal impact, risk attitude, personal values, consequence of wrong decision, and individual choice.

Most people prefer an action that certainly saves 200 lives to one with a one-third probability of saving 600 lives. However, their choice may be changed by the following factors:

1. Probability of success: If the probability of saving 600 lives increases, people can choose the second option.

2. The personal impact of the decision: If the decision has a significant effect on the person making it, they may select a less risky alternative.

3. Attitude to risk: People who are willing to take more chances in life would be more likely to select the second alternative.

4. Personal values: People's beliefs, culture, and principles may influence their choices.

5. Consequences of a wrong decision: If the cost of failure is high, they may opt for a more reliable option.

6. Individual choice: Individuals have different preferences and may choose the first option even if the second option appears to be more logical.

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Justin has a personal library with over 5,000 novels, most of them bought from Barnes and Noble. He is an example of a Barnes and Noble's customer.

Barnes & Noble, Inc., commonly referred to as B&N, is an American bookseller with a retail presence in all 50 states, with its headquarters in Manhattan, New York City. Barnes & Noble is a bookseller that offers a wide range of books in various genres, including fiction, non-fiction, children's books, and textbooks. In addition to books, they sell CDs, DVDs, stationery, toys, and games.The bookseller was founded in 1886 by Charles M. Barnes and William Barnes, and it is the largest brick-and-mortar bookseller in the United States. On August 20, 2019, the company was acquired by Elliott Management Corporation.

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Marketers use data from various sources to identify consumer needs, market trends, and gaps, informing product design, pricing, and promotion strategies for successful product launches and customer satisfaction.

By examining several information sources, such as consumer behavior and market trends, marketers use data to create effective product plans. Data enables marketers to find market possibilities and gaps and create solutions that satisfy customer preferences and demands. To understand consumer behavior and spot new market trends, they analyze sales data, social media analytics, customer feedback, and market research surveys. Product design, price, and advertising methods are influenced by this information. For instance, marketers may create and advertise items that fit this trend if research shows that customers are becoming more interested in eco-friendly goods. This can entail making energy-efficient equipment or utilizing biodegradable packaging. by using data to inform the creation of product plans.

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Option d: "Lend to commercial banks through the term auction facility" enables the Federal Reserve to increase the monetary base by increasing bank reserves only.

By lending to commercial banks through the term auction facility, the Federal Reserve is directly increasing the amount of bank reserves, which in turn increases the monetary base. Option a is incorrect because requiring the non-banking public to repay discount loans would decrease bank reserves and the monetary base.

Option b is incorrect because buying government securities exclusively from commercial banks would not necessarily increase bank reserves, as the banks could simply hold onto the proceeds from the sale rather than lending them out. Option c is incorrect because lending to the non-banking public would not increase bank reserves or the monetary base.

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Neither the CFO nor the board member is strictly correct. This is because the decision between issuing equity and retaining debt depends on the specific circumstances of the company in question and it may also dilute current shareholders' interests.

A company's capital structure should be tailored to its specific requirements, and therefore there is no universal right or wrong decision. In general, issuing equity may be advantageous for companies with high leverage ratios, as it may reduce their default risk and result in lower borrowing costs in the future. However, issuing equity may also dilute current shareholders' interests and harm the company's earnings per share. The board member is suggesting that the company is mature and highly profitable, and has an investment-grade credit rating, which means that it can obtain credit at a lower cost than other firms with lower credit ratings.

This implies that the company may benefit from retaining debt and maintaining its high leverage ratio, which may help to maximize shareholder value in the long term. On the other hand, the CFO may believe that issuing equity will reduce the firm's risk, increase its financial flexibility, and allow it to undertake more investments, which may result in a higher stock price over time. Therefore, the CFO's perspective is that issuing equity will increase the company's overall value.

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Business professionals associate emails with communication, both internally and externally. Emails are an essential tool in the business world, facilitating communication, collaboration, marketing, and customer service.

Business professionals typically associate emails with communication. The reason behind this is that emails are used as a primary mode of communication in the business world.

Many business professionals use emails to communicate with their clients, colleagues, and stakeholders. They use emails to share important information, documents, and files, to discuss project progress, and to arrange meetings and appointments.

Emails are also used to maintain a record of communication and to keep track of conversations. They can be stored and accessed easily, making them an effective means of maintaining a record of important communication. Emails can also be used for marketing purposes. They can be used to send promotional messages, newsletters, and updates about products and services to clients and customers. They can also be used for customer service and support, enabling customers to ask questions and resolve issues via email.

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Business professionals typically associate emails with efficiency, professionalism, and timeliness. Emails enable them to quickly communicate with other professionals in their industry, both domestically and internationally.

Emails also enable them to keep track of conversations and tasks without the hassle of having to search through paper documents. Additionally, emails can provide an easy way to access and share documents, which is critical for completing projects in a timely manner.

The ability to respond quickly to emails is also important for business professionals; when someone takes too long to reply, it can create a negative impression about the professionalism of the sender.

In general, emails provide business professionals with an efficient and professional way to communicate and collaborate with others.

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The impact of a company diversifying as a way to reduce risk and protect against uncertain future cash flow from its core business "would be value-neutral". Option C is correct.

While diversification may reduce risk and protect against uncertain future cash flow, it may also require additional investment and may not generate the same returns as the core business. Therefore, the impact on the firm's overall value may be neutral, as any gains from diversification may be offset by the costs and potential decrease in profitability from the core business. Ultimately, the impact on the firm's value will depend on the success and effectiveness of the diversification strategy.

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The cash fund currently holds $405 and the accumulated receipts total $324. The breakdown of the receipts is $111 for office supplies, $142 for merchandise inventory, and $71 for miscellaneous expenses. The journal entry to replenish the petty cash fund on January 31 is a debit of $405 to the Petty Cash account and a credit of $400 to the Cash account.

To replenish the petty cash fund, a journal entry is necessary. The entry should be recorded as a debit to the Petty Cash account and a credit to the Cash account. The debit to the Petty Cash account is for $405, which is the total amount of the fund.

The credit to the Cash account is for $405 minus the average of $5, which is $400. This entry records the replenishment of the fund and reflects the total amount of receipts accumulated during the month.

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the effect of the great recession on the middle class is b. more middle class American found themselves poor.

The Great Recession was a global economic downturn that began in late 2007 and continued until mid-2009. It was triggered by a series of factors, including the collapse of the housing market, the subprime mortgage crisis, and the failure of many large financial institutions, such as Lehman Brothers.

The crisis quickly spread to other sectors of the economy, including manufacturing, services, and retail. As a result, millions of people around the world lost their jobs and were pushed into poverty.

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The simultaneous implementation of two opposing global business strategies is referred to as strategic duality. Shondura Inc. demonstrates strategic duality by focusing on local responsiveness and standardization in global business.

The best example of Shondura Inc.'s strategy, in this case, is the combination of local responsiveness and standardization in global business. This approach balances the need for standardization, which is necessary for economies of scale and efficiency, with the need for local responsiveness, which is necessary to meet the unique needs of customers in different markets.

Shondura Inc. focuses on both local responsiveness and standardization in global business. The company typically begins with a strong emphasis on a single strategy and then works to minimize the downsides associated with that strategy as much as possible as they begin to implement the second strategy.

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Assets that are depreciated include buildings and equipment. The correct answer are option C and D.

Depreciation is a non-cash expense that lowers the value of a business asset. It is determined by calculating the cost of an asset less its salvage value, then dividing by its useful life. Depreciation expenses reduce net income but do not affect cash flow.

Depreciation is an accounting strategy that distributes the cost of an asset over its useful life, reducing the need to report a significant expense in the year the asset is acquired. As a result, companies may minimize their taxable profits by making the most of the depreciation allowance, which is a method of calculating depreciation for tax purposes.

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a. Unplanned inventory investment (Iu) is calculated by subtracting planned investment from total output.

Investment is the act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. Investment involves the purchase of financial products or other items of value with the expectation that it will generate income or appreciate in value at some point in the future. Examples of investments include stocks, bonds, mutual funds, real estate, commodities, and cryptocurrency.

Investment Actual aggregate expenditure or output (Y) (billions of S) Consumption (C) Planned investmentspending (G) Net exports (Nx) (billions of S) (billions of S) (billions of S) (billions of S) of S) points 399 476 -20 -18 -14 -10 0 eBook 910 Unplanned inventory investment (Iu) (billions of S) 19 38 49 51 53 63
b. The equilibrium level of aggregate expenditure in this economy is 910 billion.
c. If planned investment increases by $20 billion, the new equilibrium level of aggregate expenditure in this economy would be 930 billion.

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Lewis must communicate important policy changes to his sales reps on the road. He would also like their active participation and immediate feedback. The proper medium for this message would be a virtual meeting.

What is a virtual meeting?

A virtual meeting is a real-time interaction between two or more individuals who use audio and visual communication technologies to exchange information. Video conferencing, audio conferencing, webinars, and virtual collaboration tools are all common ways to conduct virtual meetings. Virtual meetings can be held using computer systems or mobile devices, allowing participants to join from virtually anywhere with an internet connection.

Why is a virtual meeting the proper medium for this message?

A virtual meeting is the appropriate medium for conveying significant policy changes to the sales team on the road since it is the most effective method to ensure that all members of the team receive the message at the same time. This approach allows Lewis to interact with his sales representatives in real-time, encouraging active engagement and immediate feedback. Lewis can demonstrate new policies, answer questions, and gather feedback on the effectiveness of the new approach by presenting the policy changes in a virtual setting, making virtual meetings ideal for training, coaching, and other interactive meetings.Benefits of virtual meetings include:Cost-effective: Since no one needs to travel to a meeting location, virtual meetings can save travel costs for participants and the organization.Increased productivity: Participants can easily schedule virtual meetings, which can result in fewer distractions and time management issues.Improved communication: Virtual meetings allow participants to communicate in real-time, enhancing interaction and engagement.A virtual meeting would be the appropriate medium for conveying important policy changes to the sales team on the road since it is the most effective method to ensure that all members of the team receive the message at the same time.

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C) Local, non-profit organization that provides debt counseling services. CCCS is a local, non-profit organization that provides debt counseling services to consumers to help them better manage their finances and get out of debt. They offer budgeting advice and assistance with credit reports, debt management plans, and credit disputes.

CCCS's main purpose is to help consumers get out of debt and improve their financial management skills. There are several things that a CCCS can do, including developing a debt management plan, providing financial education, and negotiating with creditors to get more favorable terms. They can also help consumers develop a budget and understand their credit reports and credit score.

Using a CCCS can provide several benefits to consumers who are struggling with debt. For example, they can help consumers develop a debt management plan that considers their income, expenses, and other financial obligations. In conclusion, a Consumer Credit Counseling Service (CCCS) is a local, non-profit organization that provides debt counseling services. They can help consumers develop a debt management plan, negotiate with creditors, and understand their credit reports and credit score.

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RFM analysis is a way of analyzing and ranking customers according to their purchasing patterns. The correct answer is option d.

RFM analysis is a way of analyzing and ranking customers according to their purchasing patterns. Recency, frequency, and monetary value (RFM) are the three components of RFM analysis. The recency component is concerned with how long it has been since a customer last purchased from a company, while the frequency component is concerned with how frequently a customer purchases. The monetary value component, on the other hand, examines the value of a customer's recent purchases.

The RFM score is calculated by assigning values to each component and summing them up for each customer. The ranking of customers is then based on their RFM score, with customers who have a higher score being considered more important. RFM analysis can be used to segment customers based on their purchasing patterns and to tailor marketing messages to them accordingly.

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The total cost of ending work in process for the Milling Department is $7,200.Option C  i.e 39,520 is the correct answer.

The total cost of ending work in process for the Milling Department given the equivalent units of production for materials and conversion, when using the weighted-average method and other relevant details can be calculated as follows:  To calculate the equivalent units of production, the weighted-average method is used. The formula to calculate equivalent units of production is:

EUP = Units Completed and Transferred Out + Equivalent Units in Ending WIP Inventory. For the Milling Department:Equivalent units of production for materials = 5,200. Equivalent units of production for conversion = 5,000. Equivalent units in ending work in process inventory for materials = 400. Equivalent units in ending work in process inventory for conversion = 200. To calculate the total cost of ending work in process, the following formula is used:Total cost of ending work in process = cost per equivalent unit × equivalent units in ending work in process. The cost per equivalent unit is calculated using the formula:Cost per equivalent unit = Total cost of beginning WIP + Total cost added during the period. Total equivalent units in the period. For the Milling Department:Total cost of beginning WIP = $20,000. Total cost added during the period = $120,000. Total equivalent units in the period = (5,200 + 400) + (5,000 + 200) = 10,800 units. Cost per equivalent unit = ($20,000 + $120,000) / 10,800 units = $12 per unit. The total cost of ending work in process for the Milling Department can now be calculated as follows:Total cost of ending work in process for materials = cost per equivalent unit × equivalent units in ending work in process for materials= $12 × 400 units = $4,800. Total cost of ending work in process for conversion = cost per equivalent unit × equivalent units in ending work in process for conversion= $12 × 200 units = $2,400. Total cost of ending work in process = $4,800 + $2,400 = $7,200.

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