Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 700 Materials costs $ 8,700 Conversion costs $ 3,700 Percent complete with respect to materials 70 % Percent complete with respect to conversion 10 % Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month $ 92,200 Conversion costs added during the month $ 269,600 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 80 % Percent complete with respect to conversion 25 % What are the equivalent units for materials for the month in the first processing department

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

how does that happen,where u steel points

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.