Physical Units Are 40,000

question 60

Multiple Choice

Physical units are 40,000.Total conversion costs are $197,500.There are 2,000 units in ending inventory which are 50% complete as to conversion costs.How much are conversion costs per unit if the weighted-average method is used?

• A)$5.06
• B)$4.93
• C)$9.88
• D)$5.19

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Definitions:

Exports

The act of selling goods or services produced in one country to other countries.

Trading Partner

An entity with which a company conducts commerce, involving the exchange of goods, services, or information.

GDP

A measure of the economic performance of a country, reflecting the total value of all goods and services produced over a specific time period, redefining for duplication.

Domestic Production

The output of goods and services produced within a country's borders, reflecting the overall activity of its economy.