Streete Company Uses a Weighted Average Process Costing System

question 156

Multiple Choice

Streete Company uses a weighted average process costing system.Material is added at the start of production.Streete Company started 13,000 units into production and had 4,500 units in process at the start of the period that were 60 percent complete as to conversion costs.If Streete Company transferred out 11,750 units,how many units were in ending Work in Process Inventory?

• A)1,250
• B)3,000
• C)3,500
• D)5,750

---

Definitions:

Normal Heating

The regular process of increasing temperature in an environment or system without external intervention.

Recrystalization

Recrystallization is a metamorphic process where crystals of minerals grow larger while the overall chemical makeup of the rock remains the same, usually as a result of heat and/or pressure.

Remobilization

The process by which sedimentary deposits are eroded and transported to be deposited again in a new location.

Pressure Solution

A diagenetic process where mineral grains partially dissolve under high stress, typically in wet conditions, allowing deformation.