Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 70% complete with respect to conversion; the ending work-in-process inventory is 10% complete. The following data pertain to May: Units Work in process, May 1 15,200 Units started during May 66,800 Units completed and transferred out 73,100 Work in process, May 31 8,900 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $56,600 $22,700 $33,900 Costs incurred during May 328,400 78,400 250,000 Totals $385,000 $101,100 $283,900 Using the weighted-average method of process costing, the equivalent units of direct materials total:

Lakeland Chemical

Equivalent Units of Direct Materials total 82,000 units.

Explanation:

1. Calculations:

Beginning Work in process Inventory = 15,200 (100% complete)

Direct materials started in May =           66,800 (100% complete)

Equivalent units of direct materials =    82,000 units

2. The equivalent units of direct materials is the sum of equivalent unit of beginning inventory and the units added during the period.

3. The equivalent cost of the direct materials is the sum of the equivalent costs of beginning and the costs of units added during the period.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy