Togo co. uses process costing to account for the production of picture frames. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs. beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs. april costs were $72,000 for materials and $80,000 for conversion costs. ending inventory still in process was 4,000 units (100% complete for materials, 50% for conversion). the value of ending inventory using the weighted average method would be closest to:

The right of freedom of speech possibly.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.