A Company Uses a Process Costing System

question 76

Multiple Choice

A company uses a process costing system.Its Welding Department completed and transferred out 100,000 units during the current period.The ending inventory in the Welding Department consists of 30,000 units (75% complete with respect to direct materials and 40% complete with respect to conversion costs) . Determine the equivalent units of production for the Welding Department for direct materials and conversion costs assuming the weighted average method.

• A)130,000;130,000
• B)130,000;112,000
• C)107,500;118,000
• D)122,500;112,000
• E)112,500;130,000

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Definitions:

Independent Contractor

An individual or entity hired to perform work for another entity as a non-employee, responsible for their own taxes and often their own tools and work schedule.

Franchisee

is an individual or company that has been granted the right by a franchisor to carry out a commercial enterprise under the franchisor's brand and system.

Assembly Line Worker

An individual employed in a manufacturing process where a product is assembled incrementally by workers stationed at fixed points.

Misrepresent

To provide false or misleading statements, especially with the intention to deceive.