A Company Uses the Weighted Average Method for Inventory Costing

question 162

Multiple Choice

A company uses the weighted average method for inventory costing.At the start of a period the production department had 20,000 units in beginning Work in Process inventory which were 40% complete;the department completed and transferred 165,000 units.At the end of the period,22,000 units were in the ending Work in Process inventory and are 75% complete.The production department had conversion costs in the beginning goods is process inventory of $99,000 and total conversion costs added during the period are $726,825.Compute the conversion cost per equivalent unit.

• A)$4.40.
• B)$4.76.
• C)$4.19.
• D)$4.55.
• E)$4.61.

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Definitions:

Slave Life

The daily existence of slaves, typically marked by hard labor, poor living conditions, and a lack of personal freedom or autonomy.

Average Wealth

A measurement reflecting the economic status of individuals in a society, typically calculated as the total wealth owned divided by the number of wealth holders.

Freeholder

An individual who owns their land and property outright, without any encumbrances or obligations to a superior landlord.

Anglo-America

Denotes the regions in the Americas that were primarily colonized by the English or where English is the predominant language, such as the United States and Canada.