Current assets include cash and all other assets that may be reasonably expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer

Allen suffered a severe injury while carrying out his normal work activities. Which of the following will prevent Allen from recovering worker’s compensation from his employer?

A. Allen’s injury was solely the result of an act of negligence on his part. B. The facts showed beyond a reasonable doubt that Allen’s employer was not negligent in any way. C. Allen had been working for the employer less than 30 days. D. Allen’s injury was caused by a negligent act by an outside third party. E. None of these would prevent Allen from recovering worker’s compensation.

There are 10,000 units in Work in Process inventory for the Mixing Department at the end of the month. The units were 60% complete for conversion costs. What are the equivalent units for conversion costs using the weighted-average method?

A. 600 B. 4,000 C. 6,000 D. 10,000