How does the u. s. economy create and destroy millions of jobs each year?   (mark all that apply.)

a. the federal government determines that certain industries are obsolete and closes firms.
b. some businesses are expanding, while others are contracting.
c. when unemployment is high, the federal government hires more workers to offset the effects of unemployment.
d. in the market system, new firms are constantly entering and exiting various industries.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)