Alchemy manufacturing produces a pesticide chemical and uses process costing. there are three processing departmentslong dash—mixing, refining, and packaging. on january 1, the first departmentlong dash—mixinglong dash—had no beginning inventory. during january, 56,000 fl. oz. of chemicals were started in production. of these, 30,000 fl. oz. were completed and 26,000 fl. oz. remained in process. in the mixing department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. the weighted-average method is used. at the end of the month, alchemy calculated equivalent units. the ending inventory in the mixing department was 75% complete with respect to conversion costs. with respect to direct materials, what is the number of equivalent units in the ending inventory? a.19,500 equivalent unitsb.30,000 equivalent unitsc.26,000 equivalent unitsd.56,000 equivalent units

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.