Department for the month of october appear below: units percent complete with respect to conversion beginning work in process inventory 3,300 80 % transferred in from the prior department during october 30,700 completed and transferred to the next department during october 32,200 ending work in process inventory 1,800 60 % what were the equivalent units for conversion costs in the lubricating department for october?

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.