During March,the Production Department of a Process Operations System Completed

question 152

Multiple Choice

During March,the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March.March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor.At the end of March,30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to labor.The production department incurred direct materials cost of $253,000 and its beginning inventory included materials cost of $93,500.Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

• A)$1.53.
• B)$2.48.
• C)$2.10.
• D)$2.57.
• E)$2.40.

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Definitions:

Erasmus

Desiderius Erasmus of Rotterdam, a 15th-16th-century Dutch Renaissance humanist, Catholic priest, social critic, teacher, and theologian known for his works on theology, education, and for advocating for religious tolerance.

In Praise of Folly

A satirical essay written by Desiderius Erasmus, critiquing aspects of his society with humor and ironic wit.

Dutch Philosopher

A philosopher hailing from the Netherlands, known for contributing to a wide range of philosophical discussions and theories.

Significance

The quality of being worthy of attention; importance.