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:

Irrational Beliefs

Misguided, unrealistic thoughts and convictions that can lead to unproductive emotions and behavior, often examined in the context of cognitive-behavioral therapy.

Catastrophizing

A cognitive distortion involving an irrational thought pattern where an individual expects or exaggerates the worst possible outcome in a situation.

Environmental Hassle

Minor irritations or stressors that occur as part of one's interaction with the environment, often cumulatively impacting well-being.

General Adaptation Syndrome

A theory developed by Hans Selye describing the body's short-term and long-term reactions to stress, consisting of the alarm reaction, resistance, and exhaustion stages.