The Following Information Pertains to Oklahoma Co All Materials Are Added at the Beginning of the Process

question 65

Multiple Choice

The following information pertains to Oklahoma Co.'s Tulsa Division for the month of April:
$$\begin{array} { l c c } & \text { Units } & \text { Materials } \\\text { Begirning Work-in-Process } &15,000&\$5,500\\\text { Started in April } & 40,000 & \$ 18,000 \\\text { Units completed } &42,500 \\\text { Ending Work-in-Process } & 12,500 & \\\end{array}$$
All materials are added at the beginning of the process. Using the weighted-average method, the cost per equivalent unit of materials is: (CPA adapted) (Round your answer to 2 decimal places.)

• A) $0.59.
• B) $0.55.
• C) $0.45.
• D) $0.43.

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Definitions:

Real Property

Land and anything permanently attached to it, such as buildings and structures, distinct from personal property or movable possessions.

Tenancy

General term indicating a possessory interest in property. In landlord–tenant law, a property owner’s conveyance to another person of the right to possess the property exclusively for a period of time.

Estate

All the money, property, and assets owned by an individual at the time of their death, which may be subject to probate and taxation.

Ownership Interest

Refers to the rights and claims that an individual or entity has over a property or asset, demonstrating a stake or share in its value.