Frost,IncIs a Service Firm That Uses Process Costing

question 22

Multiple Choice

Frost,Inc.is a service firm that uses process costing.The firm worked on a total of 1,600 cases this month,800 of which were completed during the period.The remaining cases were 40% complete.The firm incurred $180,000 in direct labor and manufacturing overhead costs during the period,and had $4,800 in direct labor and manufacturing costs in beginning inventory.Using the weighted average method,what was the cost per equivalent unit?

• A)$115.50
• B)$141.43
• C)$145.20
• D)$165.00

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Definitions:

Inventory Levels

The quantity of goods and materials on hand in a warehouse or stockroom at any given time.

Supply Chain Information

Data related to the movement of goods, services, and funds from the supplier to the consumer, critical for managing and optimizing supply chain activities.