The Following Information Is Available for Department C for the Month

question 112

Multiple Choice

The following information is available for Department C for the month of August: $$\begin{array} { l r r } & \text { Units } & \text { Cost } \\\text { Work in process, August } 1 \text { (70\% complete) } & 10,000 & \\\text { Direct materials } & & \$ 36,000 \\\text { Direct labor } & & 18,000 \\\text { Manufacturing overhead } & & 24,000 \\\text { Total work in process, August } 1 && \$ 78,000 \\\text { Started in production during August } & 40,000 & \\\text { Costs added: } & & \\\text { Direct materials } & & 108,000 \\\text { Direct labor } & & 48,000 \\\text { Manufacturing overhead } & & 61,040\\\text { Total costs added during August } & & \$ 217,040\\\text { Work in process, August } 31 \text { (80\% complete) } & 4,000 & \\\text { Units completed and transferred out } & 42,000 &\end{array}$$ Materials are added at the beginning of the process. Inspection takes place at the 50 percent point in the conversion process to determine spoiled units. Round unit costs to two decimal places. The company uses the weighted average cost flow assumption.
Department C's equivalent units of production for conversion using the weighted average method is

• A)44,800.
• B)47,200.
• C)50,000.
• D)54,000.

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Definitions:

People's (Populist) Party

A political party in the United States during the late 19th century that sought to represent the interests of agrarian populations and advocate for reform measures.

Northeast

A region in the United States, consisting of the New England and Mid-Atlantic states, known for its significant historical, cultural, and economic contributions to the country.

The West

A term commonly referring to the societies of Western Europe and North America, characterized by democratic systems, capitalism, and liberal social values.

Cross of Gold Speech

An address by William Jennings Bryan at the 1896 Democratic National Convention, criticizing the gold standard and supporting bimetallism, which became a symbol of the populist movement.