Holcomb Company Uses the Weighted-Average Method in Its Process Costing

question 101

Multiple Choice

Holcomb Company uses the weighted-average method in its process costing system. The Shaping Department is the second department in its production process. The data below summarize the department's operations in January.
$\begin{array}{lrc}&&\text {Percent Complete with}\\&\text {Units}&\text { Respect to Conversion}\\\text { Beginning work-in-process inventory } & 3,800 & 90 \% \\\text { Transferred in from the prior } && \\\text { department } & 53,000 & \\\text { during January } & & \\\text { Completed and transferred to the next } & & \\\text { department } &&\\\text { during January } & 51,300 &\\\text { Ending work-in-process inventory }&5,500& 30 \% \end{array}$

The accounting records indicate that the conversion cost that had been assigned to beginning work-in-process inventory was $5,096 and a total of $87,668 in conversion costs were incurred in the department during January.
What was the cost per equivalent unit for conversion costs for January in the Shaping Department? (Round your answer to 3 decimal places.)

• A) $1.654.
• B) $1.752.
• C) $1.490.
• D) $1.499.

Identify the distinctions between health promotion, physical health, psychosocial health, and physical mobility in the context of functional performance mechanisms.

Describe the use of awareness and choice as adaptive responses to aging-related changes.

Understand the concept and application of chi-square tests, including expected counts and the determination of independence between variables.

Interpret SPSS output for categorical data analysis.

---

Definitions:

Hard Drives

Hard drives are data storage devices used in computers and servers that use magnetic storage to store and retrieve digital information.

Nonvolatile Storage

A type of storage that retains data even after power off, such as SSDs, flash drives, and hard disks.

Laser

A device that emits a highly focused beam of light, commonly used in various technologies such as cutting and communication.

System Unit

The main body of a computer, housing the motherboard, central processing unit (CPU), power supply, and more, excluding peripheral devices.