Heathcoat Co

question 127

Multiple Choice

Heathcoat Co.uses process costing to account for the production of canned vegetables.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs.April costs were $36,000 for materials and $40,000 for conversion costs.On April 1,there were 2,000 units in beginning inventory (80% complete) .During April 10,000 units were completed.Ending in process inventory was 4,000 units (100% complete for materials,40% for conversion) .The cost per equivalent unit for conversion costs using the FIFO method would be:

• A)$4.00
• B)$4.40
• C)$1.10
• D)$8.70

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Definitions:

Mutation

A change in the DNA sequence within a gene or chromosome of an organism leading to the creation of a new character or trait not found in the parental type.

Deoxyribonucleic Acid

A molecule that encodes an organism's genetic blueprint, commonly known as DNA.

Unpredictable Change

Refers to alterations in environmental, social, or other factors that cannot be anticipated with current knowledge or technology, often leading to significant impact on ecosystems or societies.

Hardy-Weinberg Principle

A principle that describes the genetic equilibrium within a population, stating that allele and genotype frequencies remain constant from generation to generation in the absence of evolutionary influences.