On march 1, upton company’s packaging department had work in process inventory of 8,820 units, which had been transferred in from the finishing department. these units had accumulated costs of $315,000 in previous departments and $16,000 for conversion costs in the packaging department. during march, 30,000 units were transferred into the department. these units had accumulated costs of $770,000 in the previous departments. the packaging department incurred $54,000 in conversion costs during the month. on march 31, 700 units remained in ending inventory. these units were 80% complete with respect to conversion costs. compute the cost per equivalent unit for transferred-in costs and for conversion costs for the packaging department using the weighted average method.

In march 2012, the state of california started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-mi) be clearly labeled with a cancer warning. because of this, both pepsi and coke changed their formula to eliminate 4-mi as an ingredient. if pepsi and coke did not change their formula, holding all else constant, what would have happened to the demand for these goods, assuming pepsi and coke were in a competitive market? a. the demand curve for both pepsi and coke would have shifted to the right, causing the price of both products to decrease and the profits for the companies to fall. b. the demand curve for pepsi and coke would have remained unchanged, but the price of both products would have decreased and the profits for the companies would have fallen. c. the demand curve for pepsi and coke would have decreased, but the prices and profits would not have changed. d. the demand curve for only one of them would change because pepsi and coke are substitutes. e. the demand curve for pepsi and coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.