Hager CoUses Process Costing to Account for the Production of Bottled

question 14

Multiple Choice

Hager Co.uses process costing to account for the production of bottled energy drinks.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs.Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs.April costs were $36,000 for materials and $40,000 for conversion costs.Ending inventory still in process was 4,000 units (100% complete for materials,50% for conversion) .The value of units completed and transferred out using the weighted average method would be closest to:

• A)$63,866.40
• B)$65,000.00
• C)$76,000.00
• D)$79,833.00

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Definitions:

Immediate Causes

The direct events or actions leading to an outcome or effect, occurring just before the effect itself.

Secession

The act of a region or entity declaring independence from a country or state to which it currently belongs, aiming to create a separate sovereign state.

Ostend Manifesto

A document from 1854 where US diplomats recommended the acquisition of Cuba by any means necessary, to expand the territory for slavery.

Monroe Doctrine

President James Monroe’s declaration to Congress on December 2, 1823, that the American continents would be thenceforth closed to European colonization, and that the United States would not interfere in European affairs.