During november, the production department of a process operations system completed and transferred to finished goods 31,000 units that were in process at the beginning of november and 130,000 units that were started and completed in november. november's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. at the end of november, 27,000 additional units were in process in the production department and were 100% complete with respect to materials and 70% complete with respect to conversion. compute the number of equivalent units with respect to materials for november using the weighted-average method.

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2