Chapter 1, Problem 7.2EC

9. Utilities Paid - Pays $800 for electricity, water, and internet bills. 10. Loan Repayment (Partial) - Pays $2,000 toward the bank loan. 11. Supplier Payment - Pays $3,000 to suppliers for previous credit purchases. 12. Advertising Expense - Spends $1,200 on digital marketing and flyers. 13. Depreciation on Equipment - Records depreciation of $500 on the espresso machine and furniture. 14. Customer Payment Received - A corporate client pays $2,000 toward their outstanding balance. 15. Owner Withdraws Cash - Sarah withdraws $1,500 from the business for personal use.

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The Phelan Company had 15,000 units in beginning work in process, 50% complete. 25,000 units were completed and transferred out during the month. The ending work in process is 70% complete, which is equivalent to 4,200 whole units for Conversion Costs. Materials are added at the beginning of the process. What is the number of equivalent units for Material Costs? A) 29,200 units B) 25,000 units C) 27,000 units

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