Learning that is based on tacit knowledge is less proprietary than learning that is easily codified

Organic Sugar, Inc in Ohio has six processing departments for refining sugar—Affination, Carbonatation, Decolorization, Boiling, Recovery, and Packaging

Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Transferred in production 12,200 Completed and transferred out to Boiling in August 7,200 Ending Work-in-Process Inventory 5,000 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 2,100,000 Direct labor 1,030,000 Manufacturing overhead 600,000 Total costs added during August $3,730,000 The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. A) 10,700 EUP for direct materials and 3,500 EUP for conversion costs B) 12,200 EUP for direct materials and 10,700 EUP for conversion costs C) 3,500 EUP for direct materials and 10,700 EUP for conversion costs D) 12,200 EUP for direct materials and 3,500 EUP for conversion costs

_______________ accept the savings of individuals and lend pooled savings to individuals primarily in the form of mortgage loans and operate almost entirely in New England , New York, and New Jersey, with most of their assets continuing to be invested in mortgage loans.

a. Commercial banks b. Thrift institutions c. Savings banks d. Credit unions e. none of the above